Hong Kong-based investment firm and integrated service provider of vessels Uni-Asia Holdings has signed a deal with Imabari Shipbuilding to construct a new 37,000dwt handy bulk carrier.

The $25m vessel is scheduled for delivery around the first quarter of 2015.

Uni-Asia’s Regina Bulkship has entered into a time charter agreement with Pacific Basin for the new vessel for a period of five years, with an option to extend the charter period.

Regina Bulkship is 51%-owned by Uni-Asia Shipping, a wholly-owned subsidiary of Uni-Asia Holdings.

According to Uni-Asia Holdings, the new vessel acquisition and entry into the time charter agreement will benefit the company through the receipt of charter income upon the delivery.

Uni-Asia Holdings’ fleet mainly comprises handysize bulkers, containerships and product tankers.

At the end of December 2012, the company had purchased five vessels under Uni-Asia Shipping, of which four vessels were under operation.

In April 2013, the company signed shipbuilding contracts for three vessels, which are schedule for delivery between 2014 and 2016.

Upon receipt of all vessels, the company’s wholly-owned or majority-owned vessels’ portfolio will increase to eight.