Takumi Senpaku Kaisha has become a significant shareholder in Belships after trading a bulker in for stock in the Norwegian company.

The Japanese shipowner offloaded the 63,479-dwt Belhaven (ex-African Bari Bird, built 2017) to Belships in December, as TradeWinds has reported.

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Takumi Senpaku subscribed for 15,950,699 shares in the Oslo-listed company on Friday, which is equivalent to 6.99%