United Overseas Group Expands into Dry Bulk with Norvic Acquisition
Peter Georgiopoulos and Leo Vrondissis's United Overseas Group is expanding its operations beyond tankers by acquiring Norvic Shipping's commercial platform and nine Japanese-built bulkers. Splash247 reports that the acquisition involves transferring the entire issued share capital of Norvic Shipping Europe, Norvic Shipping Middle East, and Norvic Shipping Ventures to United Overseas Trading.