Uni-Asia Holdings has teamed up with its largest shareholder to buy four more bulkers. Singapore-based Uni-Asia has formed four joint venture companies in Panama with lead shareholder Yamasa, a Japanese entity, to buy four handysizes. The new companies are split 18:82 in Yamasa’s favour.
Yamasa has a 33.46% holding in Uni-Asia.
This is Uni-Asia’s first fleet additions for 13 months.