Cargill has bought a pair of panamaxes – a rare foray into vessel ownership for the massive dry bulk shipper. Cargill is paying $15m each for the Golden Trader I and Golden Trader II, both built in China five years ago and owned by Japan’s Nisshin Shipping.
Cargill’s fleet – predominantly chartered in – is one of the largest in the world including around 180 panamax bulkers at any given time.
“They have aggressively taken long period over the last while so these buys must be an extension of the same mentality,” a source told Splash.
