Cosmoship Management

Nikos Savvas-led shipowner and operator Cosmoship Management is examining allegations behind the arrest of 2012 built handysize bulk carrier 32K DWT MV Liberty C. Bunker supplier GP Petroleum arrested Cosmoship Management controlled MV Liberty C in India over allegations of an unpaid claim. High Court of Gujarat justice issued an order for the arrest of Cosmoship Management controlled MV Liberty C. Athens-based shipowner and operator Cosmoship Management has been investigating the allegations and will reply judiciously when necessitated. According to GP Petroleum allegations, GP Petroleum paid physical bunker supplier Hindustan Petroleum to bunker the Cosmoship Management controlled MV Niki C on 5 July 2020 at Cochin but that bill has not been paid by the shipowner. Currently, Cosmoship Management has a fleet of 18 bulk carriers and 7 containerships. 2-November-2020

 

Greek shipowner and operator Cosmoship Management acquired three (3) handysize dry bulk carriers for $27 million in total from Bocimar. Cosmoship Management acquired 2012 built handysize bulk carrier 33K DWT MV CMB Giulia, 2011 built handysize bulk carrier 32K DWT MV CMB Adrien, 2012 built handysize bulk carrier 32K DWT MV CMB Catrine. Belgium shipowner and operator Bocimar has been reducing its exposure to the handysize sector. In 2018, Bocimar sold a dozen such handysize bulk carriers in a ship-exchange deal with Oskar Wehr. After the latest Cosmoship Management transaction, Bocimar left with a single handysize dry bulk carrier 2009 built 29K DWT MV Argenmar Mistral in its fleet. Piraeus-based shipowner and operator Cosmoship Management’s entire bulker fleet consists of handysize bulk carriers and customarily favors ships it has ordered or bought as new-buildings. Nikos Savvas-led shipowner and operator Cosmoship Management’s almost all bulk carriers have been trading with the company since they were new. The last time Cosmoship Management acquired a bulk carrier on the secondhand market was in 2017. Cosmoship Management should not be confused with Cosmoship Maritime, a separate Athens-based company. 9-April-2019