Erasmus Shipinvest, led by John Su, is in for its third ship purchase of the year. The oufit is said to have spent $13m for the 75,700 dwt Coral Garnet from Japanese owner World Marine Co, a price in line with the market according to online pricing portal VesselsValue.
The vessel is a fine fit looking at Erasmus’s existing fleet list, which includes 12 bulkers with an average age of seven years. Erasmus has a strong focus on panamax bulkers.
Recently Erasmus opened an office in Switzerland, a move that will bring the company closer to the largest commodities houses.