UK-based shipowner and operator Union Maritime is making its first capesize investment, picking up a Japanese-controlled ship and the last remaining vessel in a Turkish joint venture.
Market sources said the London-based company has bought the 175,600-dwt Cape Istanbul (built 2011) from Turkey’s Eregli Shipping for $19.1m.
TradeWinds is told that the same company is also behind a $20.3m deal for the 176,800-dwt King Ore (built 2010), a ship that had been controlled by Japan’s Nissen Kaiun.
