Tan Binh CO has turned to Japan’s JX Ocean for its third bulker purchase of the year.

Well placed sources close to Tan Binh report that Tan Binh is shelling out in the region of $5.5 million for the 28,600-dwt Ratu Tembaga (built 2004).

The vessel fits Tan Binh’s traditional purchasing profile, which favours middle-aged, Japanese-built handysizes.

The purchase price may be lower than the $6.3m