Diligent Holdings

8-January-2019

Greek shipowner and operator Diligent Holdings has added another supramax bulk carrier to its unwaveringly expanding fleet. Diligent Holdings acquired 2010 built supramax bulk carrier 58K DWT MV Queen (ex MV Queen Halo). Sale and Purchase (S&P) shipbrokers published MV Queen Halo’s sale in October 2018 for around $15 million, but the name of its buyers was not published at that time. Last supramax bulk carrier purchase explains the purpose of fast-growing Diligent Holdings. Diligent Holdings prefer Japanese constructed second-hand bulk carriers and execute deals with Japanese owners.

Diligent Holdings entered into the supramax sector in late 2017. Diligent Holdings’ three supramax bulk carriers were built at Tsuneishi Heavy Industries (Cebu), a Japanese-controlled yard in the Philippines. Besides MV Queen Halo, Diligent Holdings has also acquired 2011 built supramax bulk carrier 58K DWT MV Trade (ex MV TC Gold) for around $15 million. The latest two (2) acquisitions have brought Diligent Holdings’ managed fleet to 7 handysize and 4 supramax bulk carriers.

Dimitris Michalos led Diligent Holdings was established in 2011. Diligent Holdings has acquired all bulk carriers on the secondhand market. When the dry bulk market reached the lowest point in 2016, Diligent Holdings commenced acquiring bulk carriers.