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Pelita Samudera Shipping adds to fleet with handysize from IMC

The cash and share deal for the $7.5m vessel will also see IMC becoming a significant shareholder of the Indonesian bulker operator. Purchase of the Singapore-flagged vessel is in line with its expansion plan, and brings PSS’ fleet up to six vessels

The company has expanded aggressively in the past year, boosting capacity almost eightfold to 234,000 dwt from just 31,000 dwt in early 2018, and planning to purchase two new tug and barge pair sets in the second half of this year on the back of an expected continued increase in coal shipment demand

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