Istanbul-based Devbulk Shipping has bought another Japanese-built handysize, living up to plans to expand its bulker fleet.
The company, led by brothers Hakki and Orhan Deval, concluded a private deal with Japan’s Itochu Corp for the 38,200-dwt Indigo March (built 2012), according to market sources.
The Naikai Zosen-built ship is changing hands for $14m and is due to be delivered to Devbulk in April.
