BW Dry Cargo is being linked with another kamsarmax buy. The dry bulk unit was created by BW Group this April to focus on bulkers ranging in size from 50,000 dwt to 85,000 dwt.

Sources said that BW Dry Cargo has paid Mitsubishi Corporation US$14m for 81,500dwt Mighty Sky. The bulker was built in Japan six years ago.

Japanese dry bulk tonnage has been in huge demand this year, with any ship coming on the market generally receiving a double digit number of inspections from owners around the world.

Suggesting the deal was done, Christian Bonfils, CEO of BW Dry Cargo, would not be drawn on prices, said "I can't comment on prices, but confirm that we have bought five vessels."