Greek Angelicoussis family company Alpha Bulkers Shipmanagement subsidiary Link Investment started the case against Jiangsu Steamship in the Florida US federal court. Greek shipowner and operator Alpha Bulkers Shipmanagement subsidiary Link Investment seeks the seizure of the Jiangsu Steamship controlled 2013 built handysize bulk carrier 47K DWT MV Spring Sunshine. Alpha Bulkers Shipmanagement subsidiary Link Investment aims to secure $2.6 million sought in London arbitration proceedings. Alpha Bulkers Shipmanagement subsidiary Link Investment was the owner of the 2000 built capesize bulk carrier 170K DWT MV Alpha Era. MV Alpha Era was chartered by Jiangsu Steamship and held for six (6) months due to China’s ban on Australian coal. MV Alpha Era was later sold to Hong Kong King Shan Group for a below-market price. MV Alpha Era obstruction created problems for Alpha Bulkers Shipmanagement, which had agreed to sell the MV Alpha Era to Hong Kong King Shan Group in June for $7.8 million and attempted to back out. Eventually, MV Alpha Era was arrested in China, with Hong Kong King Shan Group sold the MV Alpha Era for demolition for about $10 million. Alpha Bulkers Shipmanagement subsidiary Link Investment is seeking $2.4 million of loss of market value in London arbitration. Alpha Bulkers Shipmanagement subsidiary Link Investment’s latest lawsuit targets Jiangsu Steamship, Jiangsu Steamship Pte, ship-manager Jiangsu Huaxi Ocean Shipping Management, and registered owner Spring Sunshine Shipping. The lawsuit argues the companies are corporate alter egos. In 2020, China took steps to block Australian coal imports. China is looking to lift the ban on Australian coal, but it is unclear when that might happen. 9-February-2021
Greek Angelicoussis family company Alpha Bulkers Shipmanagement sold 2000 built capesize bulk carrier 170K DWT MV Alpha Millennium for around $11 million for scrap. The sale price includes 390 tonnes of bunkers onboard. Furthermore, Athens-based shipowner and operator Alpha Bulkers Shipmanagement sold 2000 built capesize bulk carrier 169K DWT MV Marvellous for around $11.5 million for scrap. The sale price includes 500 tonnes of bunkers onboard. Till April 2019, around 2.7 million DWT of capesize bulk carriers has been sold for demolition. Capesizes bulk carriers have been for 35 consecutive days below operating expenses. This is the third-longest loss-making period capesizes bulk carriers have experienced since 2010. Capesize bulk carriers demolition sales have been boosted by strong demand on the Indian subcontinent.
Alpha Bulkers Shipmanagement has renewed its fleet with four (4) kamsarmax bulk carrier new-buildings. Greek shipowner and operator Alpha Bulkers Shipmanagement is controlled by Anna Angelicoussi-Kanellaki and Fragiskos Kanellakis. Alpha Bulkers Shipmanagement sister-company John Angelicoussis-led Maran Dry Management sold 1999 built capesize bulk carrier 172K DWT MV Anangel Destiny for around $9 million for scrap. Additionally, Maran Dry Management sold 1999 built capesize bulk carrier 171K DWT MV Anangel Dynasty for around $9 million for scrap. 9-April-2019
Greek Angelicoussis family company Alpha Bulkers Shipmanagement 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. 15-December-2018
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. 28-February-2018
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. 11-April-2017
Greek shipowner and operator Alpha Bulkers Shipmanagement Inc. sold the Korea 1999 built panamax dry bulk carrier 72K DWT MV Alpha Happiness to a Chinese shipowner for further trading for $4.2 million. 18-November-2016
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 MV Alpha Effort to Chinese Ningbo Tianhao. MV Alpha Effort has been renamed as MV Tian Hao 28. 26-August-2016