Daiichi Chuo Kisen is set to turn itself into a dedicated dry bulk player in the international trades as it makes progress on its financial restructuring plans.
For the first time since it ran into financial difficulties last year it has cited in its second-quarter earnings report a strategy to quit tankers and become a dry bulk specialist.
The company has run down its tanker fleet, which in the past contained VLCCs, aframax tankers and medium-range (MR) vessels, through the sale-and-purchase (S&P) market and is returning chartered tonnage.
It
