Peter Weernink-led Singapore Marine has acquired SwissMarine to forge a new dry bulk giant with around 150 post-panamax, baby-cape and capesize vessels.
The deal signed on Friday will see around 125 bulkers operated by Geneva-based SwissMarine combined with around 30 large bulkers taken from the market in a few months by Singapore Marine.
Weernink, who is chairman and leading shareholder of Singapore Marine, stepped down as chief executive of SwissMarine in April 2018.
