Diversified shipowner NGM Energy has purchased its third used capesize bulker this month, according to reports.

The Nicholas G Moundreas-backed owner of 10 bulkers and 23 tankers has acquired 180,600-dwt Cologny (built 2011) from Japanese shipowner Nissen Kaiun for $22m, reports from Seasure Shipbroking and Clarksons show.

VesselsValue puts the ship's market value at $20.3m and its scrap value at $9.4m.