Chinese near-sea liner operator and owner StarOcean Marine has diversified into dry bulk, buying nine bulkers and chartering three kamsarmaxes in the past six months.
Sources said the Dalian-based company, also known as Ruiyang Shipping, had been buoyed by the boom in the containership market and was drawn to dry bulk by the surging demand.
They said it has set up a new company — Grampus Marine — to operate and manage its dry business.
