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flag United Overseas Trading acquires Norvic Shipping’s fleet and operations, expanding its global dry bulk presence.

flag United Overseas Trading, a unit of United Overseas Group, has acquired key Norvic Shipping entities and a fleet of modern Ultramax and Handysize dry bulk vessels built in Japan, with some delivered in 2023 and more upcoming. flag The vessels will be rebranded under the UOT name, and the deal brings experienced staff and expanded operations to Athens, Copenhagen, Singapore, Dubai, Brazil, and Japan. flag The acquisition strengthens the group’s dry bulk platform with fuel-efficient tonnage and supports long-term growth, according to company leadership.

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