Greek Angelicoussis family company Alpha Bulkers acquired long-idled capesize dry bulk carrier auctioned in China. Greek Alpha Bulkers Management acquired 2010 built capesize dry bulk carrier 179K DWT MV Five Stars Beijing in an online sale for $23.1 million. Capesize dry bulk carrier 179K DWT MV Five Stars Beijing formerly ran in the fleet of Chinese shipowner and operator Five Stars Global Shipping. In August 2018, Greek Safe Bulkers acquired another capesize dry bulk carrier 2009 built 181K DWT MV Five Stars Fujian from Five Stars Global Shipping at auction for $24.8 million. Greek Safe Bulkers is led by Polys Hajioannou. MV Five Stars Fujian and MV Five Stars Beijing were arrested 2 years ago by mortgage holder Bank of Communications Hong Kong after a long lay-up. Greek Anna Angelicoussi-Kanellaki led Alpha Bulkers has been usually expanding its fleet with newly-built or modern tonnage. Greek Alpha Bulkers Management has never before bought a vessel on the secondhand market that was older than 8 years old. Greek Alpha Bulkers Management has a fleet of 35 dry bulk carriers comprising 22 capesize, 10 kamsarmax, and 3 panamax dry bulk carriers.
Greek Alpha Bulkers Shipmanagement is selling 2001 built panamax dry bulk carrier 75K DWT MV Alpha Harmony to a Chinese shipowner for about for $9.6 million. Anna Angelicoussis Kanellakis-backed Alpha Bulkers Shipmanagement has a fleet of 30 ships and valued over $680 million.
Far Eastern and Chinese shipyards have received a lot of dry bulk carrier new-building inquiries from shipowners and investors. After BDI Baltic Dry Index spark last week, there is improving sentiment in the dry bulk market. Greek shipowners and operators Alpha Bulkers, Angelakos Hellas, Primerose, and Chartworld are among many shipowners who are exploring newbuilding dry bulk projects in the Far East and China. Chinese shipowner and operator Seacon Ship Management and Bank of Communications Financial Leasing Co (BCLC) also looking for bulk carriers. Steep climb in prices of secondhand bulk carrier values is encouraging shipowners and investors to ask to Chinese shipyards. Dry bulk market is recovering from deep bottoms. Recently, high-quality dry bulk carriers are barely available on the market.
Greek shipowner and operator Alpha Bulkers Shipmanagement Inc. sold the Korea 1999 built panamax dry bulk carrier 72K DWT M/V Alpha Happiness to a Chinese shipowner for further trading for $4.2 million.
Athens based shipowner and operator Alpha Bulkers is taking advantage of the Chinese shipowners’ appetite to shed older panamaxes and renew their fleets. In July 2016, Alpha Bulkers sold 1999 built 72K DWT M/V Alpha Effort to Chinese Ningbo Tianhao. M/V Alpha Effort has been renamed as M/V Tian Hao 28.