German owner Oldendorff Carriers has boosted its bulker fleet by buying three Indian capesizes - and emphasised the importance of the country for its business.
Power company Tata Group's Singapore-based unit Trust Energy Resources (TERPL) has offloaded the vessels for $212.76m.
The vessels are the 181,000-dwt Trust Agility and Trust Integrity (both built 2011) and the 209,000-dwt Trust Amity (built 2016) is expected to be completed in the next three to four weeks.
