CarVal, the US investment arm of commodities trading giant Cargill, is boosting its fleet of owned ships and has been linked to the purchase of as many as six capesize bulkers since October last year.
Reports, however, may be exaggerated. The company is this week said to have bought the Japanese-controlled, Imabari-built 180,000-dwt FD Luigi D’Amato (built 2006) for $41m but managing director Ranjit Ahluwalia tells TradeWinds that “I can say categorically I did not buy [the] Luigi”.
The
