DryDel, formerly Meadway Shipping and Trading, purchased the 62 600 DWT Oshima-built unit as Nord Baltic from Dthe Dnaish company Norden two years ago for a reported US$36.8 million.
Meadway officially launched under a new brand in February 2024 and listed 11 bulkers, including the Velvet, in its fleet, in addition to 18 chartered-in ships and 10 newbuilds set for delivery between 2024 and 2026.
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