Singapore-based Everest Shipping has been the most aggressive name at the larger end of the dry bulk business in the last couple of months.
Brokers now confirm a long-telegraphed deal for the firm taking on its largest vessels to date. Everest has taken on two VLOCs, the 2013-built Shagang Faith and the 2012-built Shagang Volition for an en bloc price thought to be in the region of $70m.
Everest has also bought five capesizes from Chinese owners in the past two months.
Low profile Everest bares many similarities to another major bulker buyer, Winning Shipping, in being Chinese-backed, Singapore-based and massively aggressive.