German shipowner Henning Oldendorff has swooped for the final baby-cape in the fleet of compatriot Thomas Schulte, brokers said.
Oldendorff has been building his presence in the niche during the past couple of years, heading a resurgence in the market.
The latest ship to join the Oldendorff baby-cape stable is the 115,300-dwt Evelyn Schulte (built 2012), sources said.
