Cetus Maritime takes over Chile’s Nachipa Corp

Cetus Maritime, the great consolidator within the fragmented handy bulk space, has struck again.The Hong Kong bulker outfit is merging its fleet with Chile’s Nachipa Corp to create a 65-ship strong company – roughly split 40 owned and 25 chartered in.  The news comes just over a year after Cetus Maritime was created via the merger of Asia Maritime Pacific and Hamburg Bulk Carriers. No price has been revealed for this latest transaction, which is expected to go through by the end of next month. 

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