Union Commercial is managed by the two sons of the Group's founder, Michael and Pantelis "Pete" Scufalos, who joined the company in 1986 and 1982 respectively. Michael Scufalos serves as Managing Director and Pete Scufalos as Head of Commercial Operations.

Since 1978 the Company has focused exclusively on the management of dry cargo vessels, principally in the handysize, handymax and supramax sectors, selling off Container and Cargo Services, and since 1999, benefiting from the combination of improved communications and the availability of a more skilled workforce in Greece, has redeployed all commercial management activities to Greece.

The Company received its ISM Document of Compliance by Bureau Veritas in November of 1997. Union Commercial presently employs twentyfour shore-based staff and at any one time approximately two hundred oceangoing seamen. Reflecting the Company's emphasis on quality operations the on-shore Technical Department consists of two full-time Port Captains, three Superintendent Engineers and a consultant Naval Architect.

Union Commercial's currently managed-fleet consists of handy/supramax log/bulk carriers, built mainly in Japan, ranging in year of build from 2008 to 2017 and which are exclusively classed with Nippon Kaiji Kyokai. Having taken delivery of 8 (eight) bulkcarrier newbuildings between 2007 and 2016 of which two (2) from Hakodate Shipyard, two (2) from IHI Marine United Yokohama as well as (3) from Imabari and one (1) from S.Korea's SPP shipyard, the group continues its fleet renewal/expansion with selective additions and orders.

The latest delivery to our managed fleet, the Pacific Wave is a high specification eco-type 38,000 tdwt handysize log/bulk carrier delivered at Imabari Shipyard (Shimanami Dock) in June of 2017. Her sister ships, the Union Mark and the Unior Taylor (delivered in June 2016 and September 2014) are proudly commited to the service of The China Navigation Company Pte. under long period employment.

The Group's standard operating philosophy is to employ the vessels on period time charter business with major European and Asian Charterers. Union Commercial's historical client base includes, amongst others: Messrs. NYK, Kawasaki, K- Line, Daiichi, Noble HK, J. Lauritzen, Clipper, Ultrabulk, Metall und Rohstoff, COSCO, ED+F MAN, NACHIPA, Oldendorff Carriers, ADM, Navision Chartering, Baltnav, Pacific Basin and China Navigation.

TODAY / COMPANY / UNION COMMERCIAL

Messrs. NYK, Kawasaki, K- Line, Daiichi, Noble HK, J. Lauritzen, Clipper, Ultrabulk, Metall und Rohstoff, COSCO, ED+F MAN, NACHIPA, Oldendorff Carriers, ADM, Navision Chartering, Baltnav, Pacific Basin and China Navigation.