Mark Klein, a spokesman for the US commodities giant, tells TradeWinds that the group is looking for opportunities to purchase modern tonnage in a variety of different classes.

“In 2011 Cargill announced a strategy to return to vessel ownership,” he said in a brief email exchange Monday.

“We can confirm that as part of this strategy, a specially constructed joint venture with Cargill as a shareholder recently signed a letter of intent with SWS shipyard in China for the purchase of capesize vessels. 

“At