London-based, Laurent Cadji-led shipowner Union Maritime is to continue its dry bulk acquisition campaign with the planned purchase of five handysize vessels from Tufton Oceanic Assets, financed by Piraeus Bank.
An official of Union Maritime declined to comment on the transaction, which is believed to be about $72m.
Tufton Oceanic's fund manager Tufton Investment Management did not immediately respond to a request for comment.
