BW Dry Cargo has snapped up its second vessel in a week, pouncing on Japanese-built kamsarmax Key Boundary from Shunzan Kaiun.

The 2010-built vessel has been acquired for US$13.7m according to sources, slightly more than the US$12m BW paid last week for the 2010-built kamsarmax Meteor which was subsequently renamed to BW Acorn and chartered out to Glencore.

Last week's bit of business was the first for BW Dry Cargo, a new affiliate of the BW Group, bringing the Andreas Sohmen-Pao led company back into dry bulk for the first time in a decade.