London-based Union Maritime might be best known as a tanker player but it is also becoming increasingly adept in the dry bulk trades.
Brokers tell Splash Cargill has just fixed Union Maritime’s twelve-year-old panamax Harrow for delivery east coast South America later this month with redelivery Skaw-Gibraltar at $8,000 daily plus $95,000 ballast bonus. This is one of the first ballast bonuses for an ECSA/continent fixture for a while, and one broker describes the deal as a “nice fixture”.
While Union Maritime’s fleet is still heavily weighted towards tankers it has been building up a dry bulk base which now includes two handies plus the Harrow, which it picked up from Japan late last year.
The CEO of the company is Laurent Cadji, a Moroccan ex-Morgan Stanley trader and Splash understands the company is owned by Nigerian-Indian interests.