Qatar’s S’hail Shipping and Maritime Services has announced the acquisition of a Japanese-built 86,000 DWT Panamax bulk carrier, which will join the company’s fleet in the first week of December and increase the company’s fleet to eight vessels.

“S’hail Shipping believes that the freights are already on its path to recovery along with the growing confidence of countries to control and cure the pandemic,” said Mohamed Khalifa Al Sada, chairman and managing director of S’hail Shipping.