Bangladesh’s HR Lines has “paused” its newbuilding plans and turned to the secondhand market for tonnage.

The Karnaphuli Group subsidiary has bought the CSBC-built 1,068-teu Maersk Arun (built 1999) from AP Moller-Maersk and the Imabari-built 1,628-teu SITC Bangkok (built 2003) from SITC International.

Karnaphuli managing director Hamdan Hossain Chowdhury said HR Line has taken delivery of the Maersk Arun and renamed it HR Turag. The SITC Bangkok will be delivered in the next week and named HR Balu.

The price was not disclosed, but VesselsValue shows the market value of the HR Tarug to be $6.21m,