Qatari bulk carrier owner S’hail Shipping has acquired the 2006-built 82,800 DWT Panamax bulk carrier Medi Hong Kong from Italian owner D’Amico Dry.

Shipbroking sources confirmed that the Tsuneishi Zosen-built vessel was sold to S’hail for a price of around $9.25m. MSI values the vessel at $9.7m.

S’hail Shipping was established in 2017 and has since built up its fleet through secondhand acquisitions, with this latest deal expanding the company’s fleet to eight bulk carriers.