Belships has acquired its 20th bulk carrier in just over two years and signed a time charter contract for another vessel.

In a resale deal, the Oslo-listed shipowner bought a 64,000-dwt ultramax, which is under construction at an unnamed Japanese shipyard and is due for delivery in January 2023.

Belships did not reveal what it will pay for the newbuilding, but said it intends to finance it in the same...