A Chinese bulker outfit primarily known as a handysize player has quietly built up a sizeable presence in the capesize market with a string of acquisitions, mostly from major Greek players.
Zhangjiagang Oceanicwit Shipping has emerged as the manager of eight ageing capesizes and a newcastlemax over the past 12 months.
The latest vessel to join its fleet is the 174,200-dwt Maran Prosperity (renamed Leone Future, built 2006), which TradeWinds reported earlier this month as sold by the Angelicoussis Group to undisclosed Chinese interests.
