Norway's Wilson ASA and Arkon Shipping of Germany are teaming up to create a giant in the European coastal dry bulk trade.
The move will create the largest shortsea player in Europe with more than 130 time-charted and owned mini-bulkers, the companies said.
Bergen-based Wilson will take over the long term leases on around 20 small bulk carriers from Arkon's coastal fleet, including a series of newbuildings for delivery in two years' time.
