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Grieg Star forms new dry bulk joint venture

Norwegian bulk carrier Grieg Star and investment firm Maas Capital have established a new dry bulk joint venture that will be acquiring ships.

Photo: PR-foto/Grieg Star

Bulk carrier Grieg Star and investment firm Maas Capital have partnered up in a new joint venture that will be acquiring ships in the dry bulk sector.

Both parties hold a 50 percent stake in joint venture company GriegMaas, founded in December. The operation seeks to buy supramax and ultramax ships, the companies inform in a statement. In its first acquisition, GriegMass has acquired ownership of two ships from one of the owners, Grieg Star, and there are plans for "further expansion" of the fleet in 2019.

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