BW Group enters the dry bulk carriers arena

BW Dry Cargo will be headed by Nordic Bulk Carriers founder Christian Bonfils to enter Dry Bulk Carriers market. Fleet will initially be ultramax and kamsarmax ships. BW Group mostly in gas sector, has not previously been involved with dry cargo but has a diversified fleet of more than 100 ships. BW Dry Cargo will focus on bulkers between 50K DWT and 90K DWT.