German shipowner and operator Oldendorff Carriers has expanded its fleet with four second-hand vessels bought from Italy-based shipowner Societa Navali Unite Genova Srl (SNUG), show data provided by VesselsValue.

The four bulk carriers in question, which were sold en bloc, are the two Post Panamax bulkers Asti Snug and Roma Snug, and the two Handysize bulkers Karoline Snug and Lucy Snug.

The 118,000dwt Post Panamaxes, which were built in 2011 by China's Zhejiang Shipbuilding Co, were sold for US$11.9m each.

Featuring 33,300 dwt, the 2010-built Handysizes were acquired for a price of US$5.1m each. The two vessels were constructed by the Chinese shipbuilder Yangzhou Ryuwa Shipbuilding Co.

Oldendorff Carriers currently operates a fleet of some 500 vessels with a total of 45 million dwt.

The company's operated fleet includes Capesizes, Panamaxes, Ultramaxes, Handysizes and other vessels.