The very rapid build up of the BW Dry Cargo fleet continues with brokers linking it to a J Lauritzen controlled ultramax resale.
BW Dry Cargo, founded on April 1 to take advantage of low prices of ships ranging from 50,000 dwt to 90,000 dwt, is reportedly paying $18.3m for a 61,000 dwt ship set to deliver shortly from Dalian Cosco KHI – the Sino-Japanese yard in the northeast of China.
Two weeks ago, Splash reported BW Dry Cargo as the buyer of the 81,344 dwt United Legacy for $17.5m.