Erasmus Shipinvest Group has moved into the capesize segment, picking up its largest ship to date. 

Brokers reported in late August that undisclosed Greek interests had paid $26.2m for the Frontier Bonanza, a 179,000 dwt capesize built in 2010 at Hyundai Heavy Industries. Market sources have since linked the deal to John Su´s Erasmus. 

Founded in 2010, Erasmus has steadily diversified beyond its roots in dry bulk, adding multipurpose, container feeder, LPG, and tanker tonnage.