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Golden Union acquires another Shoei Kisen capesize

Golden Union acquires another Shoei Kisen capesize

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Theodore Veniamis-led Golden Union is continuing its secondhand capesize buying spree. The company is said to have acquired the 180,000 dwt bulker Cape Frontier from Japanese owner Shoei Kisen.

According to broking sources, the 11-year-old vessel sold for $17.93m.

In February, Golden Union took over baby cape Hanjin Buchanan from bankrupt Hanjin Shippng and nine-year old cape Shin Zui from Shoei Kisen.

Golden Union currently has a fleet of more than 40 bulkers, and an additional three newbuildings under construction at Chinese yards.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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