Athens-based Vafias family-controlled shipowner and operator Brave Maritime Corporation Inc. acquired 2011 built capesize bulk carrier 181K DWT MV Lowlands Sunrise. Nikolaos Vafias-led shipowner and operator Brave Maritime Corporation Inc. paid for MV Lowlands Sunrise around $24.5 million. Vafias Group’s dry bulk shipping arm Brave Maritime Corporation Inc. spent approximately $100m on capsize bulk carriers in Q4. Athens-based Vafias family-controlled shipowner and operator Brave Maritime Corporation Inc. acquired the company’s fourth capesize bulk carrier in Q4. Capesize bulk carrier 181K DWT MV Lowlands Sunrise was constructed at the Koyo Dockyard in Japan. Currently, Vafias Group’s dry bulk shipping arm Brave Maritime Corporation Inc. owns and operates 13 bulk carriers. 25-December-2022
Athens-based Vafias family-controlled shipowner and operator Brave Maritime Corporation Inc. acquired 2011 built capesize bulk carrier 175K DWT MV Aquafortune from New York-listed Seanergy. Besides, Brave Maritime Corporation Inc. acquired 2010 built capesize bulk carrier 179K DWT MV HL Shinboryeong from South Korea-based H-Line Shipping. Nikolaos Vafias-led shipowner and operator Brave Maritime Corporation Inc. increased the company’s capesize bulk carrier presence and take advantage of a decline in dry bulk asset values. 2011 built capesize bulk carrier 175K DWT MV Aquafortune and 2010 built capesize bulk carrier 179K DWT MV HL Shinboryeong were bought by Brave Maritime, the dry arm of the Vafias Group, but will be managed by Stealth Maritime. Currently, Vafias Group’s dry bulk shipping arm Brave Maritime Corporation Inc. owns and operates 12 bulk carriers. 15-November-2022
Athens-based Vafias family-controlled shipowner and operator Brave Maritime Corporation Inc. is selling 2005 built capesize bulk carrier 176K DWT MV Cape Aria (ex MV Maritime Power). Vafias Group’s dry bulk shipping arm Brave Maritime Corporation Inc. is poised to repeat another profitable asset play. Brave Maritime Corporation Inc. acquired 2005 built capesize bulk carrier 176K DWT MV Cape Aria (ex MV Maritime Power) just a few months ago. In May, Nikolaos Vafias-led shipowner and operator Brave Maritime Corporation Inc. acquired MV Cape Aria (ex MV Maritime Power) from Athens-based shipowner and operator Phoenix Energy Navigation for around $12.5 million. Cyprus-registered Universal Tankers Management is listed as the ship managers of MV Cape Aria (ex MV Maritime Power). Cyprus-registered Universal Tankers Management is listed as a commercial or technical manager of six bulk carriers. Most bulk carriers were previously linked with Vafias Group’s dry bulk shipping arm Brave Maritime Corporation Inc. Athens-based Vafias family-controlled shipowner and operator Brave Maritime Corporation Inc. is known for the countercyclical asset plays. In 2016, Nikolaos Vafias is calculated to have made a net profit of more than $5 million by flipping two capesize bulk carriers just five months after Nikolaos Vafias purchased them. 14-October-2019
Athens-based Vafias family-controlled shipowner and operator Brave Maritime Corporation Inc. invested $63 million in one capesize bulk carrier and two LPG carriers. Nikolaos Vafias-led shipowner and operator Brave Maritime Corporation Inc. acquired 2005 built capesize bulk carrier 176K DWT MV Cape Aria (ex MV Maritime Power) for around $12.5 million. Vafias Group acquired 2007 built LPG tanker 38K cbm Viking River for around $20 million. Vafias Group acquired a new building LPG tanker 11K cbm which will be delivered in 2021. 2005 built capesize bulk carrier 176K DWT MV Cape Aria (ex MV Maritime Power) acquisition is similar to the Brave Maritime Corporation Inc.’s countercyclical venture in the same space in 2016. Brave Maritime Corporation Inc. is the dry bulk shipping arm of the Vafias Group. Vafias Group also controls Athens-based tanker and LPG shipowner and operator StealthGas. StealthGas is led by Harry Vafias. Harry Vafias took five years away from shipping around the turn of the last decade after passing the operations of Brave Maritime Corporation Inc. over to his son in 2008. In 2013, Harry Vafias returned to the dry bulk shipping markets with a new vehicle Eco Dry Ventures. In 2013, Harry Vafias-controlled Eco Dry Ventures started in the handysize bulk segment. Nevertheless, as dry bulk freight rates declined to historic low levels in 2016, Harry Vafias made profitable asset plays in the capesize bulk segment. Athens-based Vafias Group made a 40% gain in selling 2006 built capesize bulk carrier 177K DWT MV Moneqasque Eclat and 2008 built capesize bulk carrier 177K DWT MV Tigerlily only months after the capesize bulk carriers were bought. Brave Maritime Corporation Inc. is the dry bulk shipping arm of the Vafias Group. Athens-based Vafias family-controlled StealthGas is best known for LPG and tanker acquisitions. 23-May-2019
Greek Nikolaos Vafias acquired his second cape size bulker 177K DWT MV Spring Hydrangea (built 2006) for about $12 million soon after buying 169K DWT MV C Winner (built 2008). Sale and Purchase (S&P) shipbroker was Banchero Costa. Last year, similar capesize bulk carriers were priced at more than $20 million. 19-March-2016