Italian owner Augustea Atlantica has partnered with agricultural giant Bunge in a joint venture that is looking to assemble and operate an independent fleet of bulkers.

Raffaele Zagari.
The company, Augustea Bunge Maritime, plans to build up its dry arsenal by acquiring and chartering-in modern tonnage, according to a statement.

It’s not clear how many bulkers the Malta-based alliance will target but Bunge says ships in the handysize to capesize range will make up the initial fleet.

Augustea