BW Dry Cargo enters cape market with $30m deal

BW Dry Cargo has broken into the capesize market with its first ­acquisition this year.

The Christian Bonfils-led owner has snapped up a pair of capesizes from Peter Weernink’s SwissMarine, market sources tell TradeWinds.

Since its launch last summer, BW Dry Cargo has focused on the ultramax and kamsarmax markets but it is now thought to have acquired the 171,000-dwt Chambesy (built 2004) and 177,300-dwt Carouge (built 2003).