John Fredriksen’s Seatankers Management has made its first second-hand bulker acquisition deal in over three years, acquiring the 2012-built Capesize bulker Frontier Voyager.

The company’s most recent bulker S&Pdeal dates back to May 2016, when it acquired two resale Panamax bulkers at Indian yard Reliance Defence and Engineering.

Shipbroking sources said Japanese owner Fukujin Kisen sold the Tsuneishi Cebu-built 180,700 DWT vessel to Seatankers for a price of around $26m. The vessel is not fitted with a ballast water treatment system.

Seatankers is in the middle of a massive fleet expansion program. The company currently owns a fleet of 17 vessels with 25 new ship-buildings on its order book.