It was believed this week to have struck a deal for an Oshima-built kamsarmax in a bank related transaction.

The Christian Bonfils-led company appears not to have hit the bottom of the market pricewise in what will be the group’s first dry cargo foray in almost a decade.

It is believed to have acquired the 82,000-dwt Meteor (built 2010) for between $12m and $12.5m.

This