Minsheng Financial Leasing is continuing to grow its trading fleet as a shipowner and asset player, having purchased two eight-year-old kamsarmaxes.

Commercial sources said Minsheng will remain an aggressive buyer and can be expected in the near term to focus on purchasing Japanese-built kamsarmax tonnage of under 10 years old.

The acquisition of the kamsarmax duo marks Minshing’s entry into a new market segment, and its latest step as a conventional shipowner rather than financial leasing company.