Greek shipowner Adam Polemis has continued his fleet-expansion efforts with the addition of a capesize bulker — but rumours connecting him with a VLCC purchase are premature.

New Shipping has emerged as the buyer of a modern capesize previously in the fleet of South Korea’s SK Shipping.

Reference sources show the 178,000-dwt K Foundation (built 2012) to be in the company’s managed fleet, under the name of New Elly.

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