Bulker owner Sterling Shipping has bought its third kamsarmax and aims to grow its fleet by up to another three vessels, according to its founder.

Christopher Fjeld told TradeWinds that the 82,908-dwt Seagull Wind (built 2012) was acquired for a price of around $27m. Shipping databases list the vessel’s seller as Mitsubishi Corp of Japan.

The ship was delivered on Monday and has been renamed the Sterling Saga.