US-based CarVal Investors, the investment arm of commodoties giant Cargill, continues to boost its fleet and is now linked to two German-controlled capesize bulkers. The latest purchases means three large bulkers have been acquired by the company in less than a month.
The 180,000-dwt Rio Montevideo and Rio Manaus (both built 2012) are said to have been bought for $49.5m each.
