Hunter Maritime Acquisition Corp has inked a deal with Hamburg-based Oskar Wehr to acquire five capesizes for US$139.4m.

The vessels were built by Chinese shipyard New Times Shipbuilding and consist of Charlotte Selmer, Greta Selmer, Tom Selmer, Lene Selmer and Hugo Selmer. The ships have a combined cargo-carrying capacity of about 876,352 dwt with an average fleet age of about 6.2 years.