The chief executive of the only bulker owner listed in Singapore has shown his confidence in the company following a sell-off in its shares.

Uni-Asia Group’s Kenji Fukuyado acquired 70,000 shares worth SGD 74,679 ($54,323) on 1 June 2022, according to a regulatory filing on the Singapore Exchange.

Only two of 22 listed bulker owners earned above-market rates in 2021, but there’s a good reason
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Fukuyado, who has been chief executive for just over two years, now holds 1.47m