Hong Kong and Qingdao-based Agricore shipping is showing its financial muscle, sealing its second purchase in a very short time.

The data revealed last week that the bullish outfit had made its first purchase in a year, adding the 176,300 DWT Great Challenger for around $12.5m.

This week a second deal has come to light. Sources tell that Agricore has raised close to $10m to add its first Post-Panamax, the nine-year-old 93,300 DWT LM Victoria from Liberty Maritime.

Initially, a charterer, Agricore’s business entered shipowning in 2018. Since then it has added two Panamaxes, one Post-Panamax, one Supramax and two capes.