Greek shipowner Load Line Marine has added to its fleet with a purchase of a seven-year-old, German-controlled supramax bulker.

European broking sources said the company had acquired the 56,000-dwt Tasman Castle (built 2011) from Norddeutsche Reederei H Schuldt for $11.7m, which was built at China's Hantong Ship Heavy Industry.

Chief executive George Souravlas confirmed that Load Line has bought the vessel.