Precious Shipping has raided the secondhand market to acquire a modern handymax bulker, the company confirmed in a regulatory filing.

The Khalid Hashim-led shipowner said it had bought Interlink Maritime’s 39,989-dwt Interlink Amenity (built 2018) for $25.25m.

Precious said the Chinese-built ship is due to be delivered by the end of April and will be registered under the Singapore flag.