Thailand’s Precious Shipping splashed out $51m on a pair of modern handysize bulk carriers acquired from Njord Shipping of Norway.

The Khalid Hashim-led bulker operator revealed the purchase of the 35,900-dwt geared bulk carriers Nordic Busan (built 2018) and Nordic Seoul (built 2017) in a statement to the Bangkok bourse on Tuesday.

The Nordic Busan was acquired for $26m while the slightly older sister ship went for $25m.