Brazil's Norsul moves into kamsarmax bulker segment

Brazil's Norsul Navegacao is moving into the kamsarmax segment.

European brokers said the Norwegian-controlled bulker owner is buying a eight-year-old SPP Shipbuilding-constructed vessel from UK-based Anglo Swiss Maritime.

Norsul is understood to be paying $15.8m for the 81,000-dwt Andante (built 2012).

Anglo Swiss also owns the sistership Adelante (built 2012), which sources said could be a sales candidate. This UK company had ordered the duo in 2010 reportedly for more than $35m each.