Danish fund manager Navigare Capital Partners is moving into the dry bulk market, acquiring a modern Chinese-built ultramax bulker from Primerose Shipping of Greece.
Market sources say Navigare is paying $18.6m for the Zhejiang-built, 63,000-dwt Ultramer (built 2014). This appears quite a high price, as VesselsValue says the ship is worth $17.2m.
Navigare managing partner Henrik Ramskov was unavailable for comment as TradeWinds went to press.
