Dry CargoEurope

Golden Union acquires another Shoei Kisen capesize

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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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