Greek shipowner and operator Diligent Holdings sold 2009 built handysize bulk carrier 28K DWT MV Magnolia for around $13 million. Diligent Holdings has been selling vintage bulk carriers to profit from increasing ship values. Athens-based shipowner and operator Diligent Holdings considers current dry bulk carriers are too high to continue purchasing again. Dimitris Michalos-led Diligent Holdings is an intelligent player in dry bulk secondhand markets. Greek shipowner and operator Diligent Holdings was established in 2011. Diligent Holdings started buying bulk carriers at the low point in the dry bulk market in 2016. By 2020, Diligent Holdings had accumulated a fleet of 16 bulk carriers. As bulk carrier second-hand prices started rising earlier in 2021, Diligent Holdings started selling some of these bulk carriers. Athens-based shipowner and operator Diligent Holdings want to proceed into index-linked large bulk carriers. Diligent Holdings is reluctant to describe the company as an asset player. Diligent Holdings takes advantage of increasing dry bulk markets. Furthermore, Diligent Holdings concentrate on well-maintained Japan-built bulk carriers. 21-October-2021
Greek shipowner and operator Diligent Holdings acquired 2009 built supramax bulk carrier 55K DWT MV Triton Valk for around $11 million from Triton Navigation BV. Athens-based shipowner and operator Diligent Holdings was one of few ship buyers in the secondhand market for dry bulk ships last week. Furthermore, the remarkably low bulk carrier earnings conditions in recent weeks have unsurprisingly been placing a tremendous amount of downward pressure on bulk carrier prices. Triton Navigation BV is the subsidiary of Japan’s Sumitomo Corporation. 12-February-2020
Greek shipowner and operator Diligent Holdings has been shedding vintage bulk carriers and shifting the company’s focus to younger supramax bulk carriers. Athens-based shipowner and operator Diligent Holdings has been moving to renew and grow the fleet. Dimitris Michalos-led Diligent Holdings was originally a handysize bulker specialist, now Diligent Holdings has been scooping up supramax bulk carriers in the secondhand market. Diligent Holdings is not alone, other Greek shipowners and operators such as TST International, Fortius Ship Management (previously named S Frangoulis Ship Management),Delta Navigation’s Greece-based ship management outfit Cleopatra Shipping Agency have been acquiring supramax bulk carriers. 24-September-2019
Greek shipowner and operator Diligent Holdings became one of Greece’s most significant ship buyers this year. Dimitris Michalos-led Diligent Holdings acquired 2009 built supramax bulk carrier 58K DWT MV Vienna (ex MV Bulk Pegasus) for around $13 million. Athens-based shipowner and operator Diligent Holdings was established in 2011. Diligent Holdings settled a single-ship company for several years before setting out on a fast expansion plan in 2016. Since 2016, Diligent Holdings acquired a fleet of 15 bulk carriers. Greek shipowner and operator Diligent Holdings has been focusing exclusively on Japan-built supramax bulk carriers. Diligent Holdings has become Athens’ second-biggest buyer of the supramax bulk carrier type in 2019. Recently, other Greek shipowners and operators such as Eastern Mediterranean, White Sea Navigation, Load Line Marine, Ecocarriers Maritime Ltd, and Empire Bulkers have acquired supramax bulk carriers. 28-August-2019
Greek shipowner and operator Diligent Holdings acquired 2008 built supramax bulk carrier 55K DWT MV Alster Bay for around $12 million from Japanese shipowner and operator Mitsui Soko. Athens-based shipowner and operator Diligent Holdings prefers Japan-built bulk carriers. Currently, the dry bulk shipping market has the worst freight rates since the dry bulk market crisis of 2016. Dry bulk market circumstance has not discouraged Dimitris Michalos-led Diligent Holdings. Athens-based shipowner and operator Diligent Holdings has been investing in the supramax bulk carriers. The decline in dry bulk freight rates is doing little to prevent strong-minded shipowners to invest in bulk carriers. 2008 built supramax bulk carrier 55K DWT MV Alster Bay would also be the third bulk carrier Athens-based shipowner and operator Diligent Holdings has acquired in half a year. Greek shipowner and operator Diligent Holdings commenced extraordinary ship acquisitions in early 2016. Currently, Diligent Holdings concentrated on acquiring secondhand Japan-built supramax bulk carriers. 21-February-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. 8-January-2019