Bermuda-registered ocean transportation services company TBS International Limited has entered into an agreement to acquire the 1982-built, 22,558 dwt handysize bulk carrier M.V. Atlantis Charm charter-free for $10.7 million.

The bulk carrier will be renamed the M.V. Savannah Belle, and is expected to be delivered between October and December this year.

Following this acquisition as well as the previously announced acquisitions of two other vessels, TBS' fleet will comprise 36 vessels.