Caroussis family-controlled shipowner and operator Chios Navigation (Hellas) Ltd. sold 2001 built panamax bulk carrier 75K DWT MV Doric Arrow for around $13 million. Athens-based shipowner and operator Chios Navigation (Hellas) Ltd. acquired 2001 built panamax bulk carrier 75K DWT MV Doric Arrow for around $12.5 million in February 2013. Menelaos Pangalos-led shipowner and operator Chios Navigation (Hellas) Ltd. circulating MV Doric Arrow for sale since the end of 2021. Athens-based shipowner and operator Chios Navigation (Hellas) Ltd. has been trading MV Doric Arrow for around a decade. Like many Greek shipowners, shipowner and operator Chios Navigation (Hellas) Ltd. hope to sell the company’s vintage ships. Furthermore, Athens-based shipowner and operator Chios Navigation (Hellas) Ltd. sold 2001 built supramax bulk carrier 52K DWT MV Doric Spirit for around $13.5 million. In 2001, Chios Navigation (Hellas) Ltd. acquired MV Doric Spirit as a new building bulk carrier. 18-April-2022
Indonesian shipowner acquired 2006 built kamsarmax bulk carriers 82K DWT MV Sri Prem Varsha and MV Sri Prem Vidya from the bankrupted Singapore Mercator Lines. Sisterships MV Sri Prem Varsha and MV Sri Prem Vidya were acquired for around $9 million each. MV Sri Prem Varsha and MV Sri Prem Vidya were last two ships in the fleet of Singapore Mercator Lines. In 2006, Singapore Mercator Lines bought the kamsarmax bulk carriers as part of an en-bloc deal from Chios Navigation (Hellas) of Greece. In March 2016, the Singapore HSH Nordbank filed a winding-up application in the High Court of Singapore against Mercator Lines’s shipping arm Varsha Vidya Inc. 19-November-2016