Christoph Toepfer and Frederik Rye-Florentz are the latest shipowners to move for dry cargo assets at a time of record low rates and depressed asset prices.
Borealis Maritime, the owner co-founded by the duo, has bought a pair of supramax bulkers from Intresco, sources say.
It is paying around $21.5m for the 58,100-dwt Sandra (built 2012) and Selecta (built 2010).
