SPM Shipping plays the market

AI Summary

Dubai-based SPM Shipping has added its third very large gas carrier (VLGC) after only a few months in the gas shipping market. The shipowner and operator is expanding across major vessel segments, including capesize bulkers and very large crude carriers.

With only a few months in gas, Dubai-based SPM Shipping, a shipowner, operator and offshore player, has now added its third VLGC, according to sources. The fast-growing owner is ambitious and moving comfortably in the largest segments in shipping, first placing money in both the cape and VLCC segments, an uncommon move for a relative …