Greek shipowners and operators have been investing in the second-hand supramax market over the past few months. Greek shipowners are interested in vessels built between 2008 and 2011. Price tags for 10-year-old supramax dry bulk carriers have jumped since the market bottom of early 2016. For example, Greek shipowner Vassilis Boulieris acquired 2009 built supramax dry bulk carrier 56K DWT MV Breeze (ex MV JPO Dorado). MV Breeze (ex MV JPO Dorado) is the Greek shipowner Vassilis Boulieris led Unit Maritime’s biggest dry bulk carrier in the fleet. At least 5 other Greek shipowners have acquired supramax dry bulk carriers since September 2018.
Another Greek shipowner George Skiathitis acquired 2008 Japanese built supramax dry bulk carrier 53K DWT MV Poseidon S (ex MV Maemi Spirit) in September 2018 for around $11 million. Elios Navigation acquired MV Poseidon S (ex MV Maemi Spirit) which shares the same address with George Skiathitis controlled Order Shipping and Nirvana Naviera.
Another Greek shipowner Sealestial Navigation acquired 2011 built supramax dry bulk carrier 55K DWT MV Victorious (ex MV Millwall) for about $11.7 million from ER Schiffahrt. In 2018, another Greek shipowner Synesios Leontiadis led Lion Bulk Carriers acquired 2008 built supramax dry bulk carrier 55K DWT MV Sea Fortress (ex MV Sage Pioneer) for around $14 million from JP Morgan. Lion Bulk Carriers has also acquired a 2008 built supramax dry bulk carrier 55K DWT MV Sea Bravery (ex MV Medi Firenze) for around $13.3 million.
In October 2018, Greek shipowner and operator AM Nomikos acquired 2010 Japanese supramax dry bulk carrier 55K DWT MV Stilianos K (ex MV Indigo Evolution) for around $15 million.
Greek shipowner and operator AM Nomikos acquired 2012 built supramax dry bulk carrier 56K DWT MV Osios David (ex MV Zola). Acquisition of MV Osios David (ex MV Zola) is the first sale and purchase move of Athens-based shipowner AM Nomikos in 2018.
Greek shipowner and operator AM Nomikos acquired has acquired four (4) supramax dry bulk carriers in the past 18 months. In May 2018, shipbrokers reported that MV Osios David (ex MV Zola) was sold to an unidentified Greek buyer for $17.4 million. MV Osios David (ex MV Zola) was operating under Stamford Shipping which is a Singapore-based shipowning joint venture between commodities trader Olam International and private equity interests. Greek shipowner and operator AM Nomikos has a fleet of 42 bulk carriers and 4 containerships.
Greek shipowner and operator AM Nomikos scrapped its oldest bulk carrier 1997 built 73K DWT M/V Gaspar for $3.5 million. AM Nomikos bought M/V Gaspe as M/V Linda Leah.
Greek shipowner and operator AM Nomikos is selling seven (7) dry bulk carriers which comprise two (2) capesize, five (5) handysize bulk carriers formerly owned by Oaktree Capital Management backed Maritime Equity Partners (MEP). AM Nomikos is also clearing out vintage bulkers.
In September 2016, AM Nomikos sold 1999 built panamax bulk carrier 72K DWT M/V Lucky Luke to Chinese shipowner for $3.75 million. Last month, AM Nomikos sent to demolition another 1997 built panamax dry bulk carrier 73K DWT M/V Gaspar.