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 and is supported by a veteran associate of the Group, Mr. Dion G. Vlachos. Michael Scufalos serves as Managing Director and Pete Scufalos as Head of Commercial Operations. Dion Vlachos provides support as Senior Consultant.

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 2007 to 2016 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 Union Mark is a high specification eco-type 38,000 tdwt handysize log/bulkcarrier delivered at Imabari Shipyard (Shimanami Dock) in June of 2016 whilst her sister ship, the Union Taylor was delivered in September 2014. Both Union Taylor and Union Mark are proudly committed to the service of The China Navigation Company Pte. under long period employment.

he 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:

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Messrs. NYK, Kawasaki, K- Line, Daiichi, C.S.A.V., Hanjin Shipping, Noble HK, J. Lauritzen, Clipper, Ultrabulk, Metall und Rohstoff, COSCO, ED+F MAN, UK, NACHIPA and China Navigation.

TODAY / COMPANY / UNION COMMERCIAL

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, C.S.A.V., Hanjin Shipping, Noble HK, J. Lauritzen, Clipper, Ultrabulk, Metall und Rohstoff, COSCO, ED+F MAN, UK, NACHIPA and China Navigation.