Low key Hong Kong-based Beibu Gulf Shipping has confirmed that it is the taker of 2009- built kamsarmax FD Isabella.

Speaking from Beibu Gulf headquarters, strategically located in the famous shipping tower, Shun Tak Centre in Hong Kong, an official revealed, "We will make more acquisitions at the right timing. Under the current market situation, we will evaluate the market cautiously before making any investments."

The purchase marks the company's first secondhand purchase and increases its kamsarmax fleet to five.

Beibu Gulf is the shipowning division of state-owned Guangxi Beibu Gulf International Port Group.