Shipowner John Fredriksen may consider merging bulker companies Golden Ocean Group and Knightsbridge Tankers.
US-listed Knightsbridge is in the process of taking over 25 capesize newbuildings from a third company controlled by Fredriksen, Frontline 2012.
Historically a tanker company, Knightsbridge will then have a fleet of 39 bulkers, all capesizes.
Oslo-listed Golden Ocean has a fleet of bulkers from supramax to capesize and has added two secondhand capesizes in the past year.