Greece’s Moundreas family has bought a 14-year-old capesize bulker shortly after flipping a 16-year-old VLCC tanker in a lucrative asset play.
The double deal comes as a further sign of sale-and-purchase activity increasing in the bulker sector, attracting the attention of canny players who were focusing on tankers over the past year.
US brokers have identified Moundreas-controlled NGM Energy as the buyer of the 170,000-dwt Cape Maria (built 2005).
