For a time, Tri Bulk Shipping looked like it was about to shrink.
That was in any case the impression created when brokers reported last July that the Athens-based handysize specialist was circulating half its fleet for sale.
Fast forward to January and the picture couldn’t look more different.
Far from having sold any ships, Tri Bulk more than doubled its fleet in an acquisition spree that saw it pick up four handysizes and as many ultramaxes in the secondhand market.
