Drydel Shipping

To eliminate confusion between two similar shipping enterprises, Costas Dellaportas has decided to rename his Athens-based shipowning and operating company, Meadway Shipping & Trading (MST), to DryDel Shipping. This strategic move comes three years after the division of the fleet initially managed under Meadway Shipping & Trading (MST), which was a result of the Dellaportas brothers parting ways in their business operations. The need for a name change arose following the split of Meadway Shipping & Trading’s (MST’s) fleet in 2021, after the passing of the company’s founder, Dionysios Dellaportas, in 2019. George Dellaportas went on to establish Meadway Bulkers, taking a portion of the fleet with him, while Costas Dellaportas opted to stay with the original entity. To distinguish his operation from his brother George’s Meadway Bulkers, Costas Dellaportas has opted for the name DryDel Shipping for his continued venture in the shipping industry. This rebranding aims to clearly differentiate between the two companies, reflecting a new chapter for the original firm under Costas Dellaportas’s leadership. 5-February-2024

 

Meadway Shipping and Trading (MST), an Athens-based shipowning and operating firm, is set to undergo a name change to Drydel Shipping starting from 19 February 2024. Under the leadership of Costas Dellaportas, this transition will encompass the company’s global operations, including offices in Athens, Singapore, Dubai, and its Meadway Maritime Chartering division. The initiative aims to distinguish the company in the competitive market and address any potential confusion arising from similarities with other company names. Meadway Shipping and Trading assures that this rebranding will not affect its ownership, staff, or business activities. Established in 1988, Meadway Shipping and Trading (MST), presently boasts a fleet of 11 bulk carriers, ranging from kamsarmax to handysize, with an average fleet age of six years. Additionally, the company anticipates the arrival of nine new vessels scheduled for delivery between 2024 and 2026. 4-February-2024

 

Athens-based shipowner and operator Meadway Shipping & Trading (MST) has acquired 2020 built ultramax bulk carrier 64K DWT MV Utopia (ex MV Nord Amazon). MV Utopia (ex MV Nord Amazon) was constructed by Oshima Shipbuilding Co., Ltd. 2020 built ultramax bulk carrier 64K DWT MV Utopia (ex MV Nord Amazon) purchase price remains undisclosed. Athens-based shipowner and operator Meadway Shipping & Trading (MST) has shown a preference for Oshima-built ships. Just earlier this month, Meadway Shipping & Trading (MST) commissioned the Japanese shipyard Oshima to construct a 42K DWT bulk carrier, marking their second order with Oshima Shipbuilding Co., Ltd. Currently, Meadway Shipping & Trading (MST) anticipates the delivery of nine (9) new bulk carriers between the years 2024 and 2026. In April 2021, Dionysios Dellaportas’ sons have split the company’s assets between George Dellaportas and Costas Dellaportas. Costas Dellaportas controls Meadway Shipping & Trading (MST) and his brother George Dellaportas established Meadway Bulkers and Delaway Maritime. 29-September-2023

 

Athens-based shipowner and operator Meadway Shipping & Trading (MST) has once again engaged the services of Oshima Shipbuilding, commissioning a sophisticated 42K handymax bulk carrier. This marks the second bulk carrier. Costas Dellaportas-led shipowner and operator Meadway Shipping & Trading (MST) has placed an order for with the esteemed Oshima Shipbuilding. The anticipated delivery period for this 42K handymax bulk carrier is slated for the Q1 2026. Presently, Meadway Shipping & Trading (MST) is anticipating the arrival of nine (9) state-of-the-art newbuildings, strategically staggered between 2024 and 2026. This deliberate endeavor reiterates Meadway Shipping & Trading’s (MST) unwavering dedication to remaining a pioneer in the maritime domain, offering avant-garde shipping alternatives, and championing sustainable transit methodologies. In April 2021, Dionysios Dellaportas’ sons have split the company’s assets between George Dellaportas and Costas Dellaportas. Costas Dellaportas controls Meadway Shipping & Trading (MST) and his brother George Dellaportas established Meadway Bulkers and Delaway Maritime. 16-September-2023

 

Athens-based shipowner and operator Meadway Shipping & Trading (MST) acquired Copenhagen-based shipowner and operator Norden’s 2018 built ultramax bulk carrier 62K DWT MV Nord Baltic for around $36 million. Meadway Shipping & Trading (MST) will take the delivery of MV Nord Baltic in August. In April 2021, Dionysios Dellaportas’ sons have split the company’s assets between George Dellaportas and Costas Dellaportas. Costas Dellaportas controls Meadway Shipping & Trading (MST) and his brother George Dellaportas established Meadway Bulkers and Delaway Maritime. Since the amicabily split of the company, Meadway Shipping & Trading (MST) has invested $130 million on four (4) ultramax and two (2) handysize bulk carriers. Furthermore, Athens-based shipowner and operator Meadway Shipping & Trading (MST) has ordered a pair of 40K DWT logger handysize newbuilding bulk carriers for around $64 million in total. Meadway Shipping & Trading (MST) has ordered 40K DWT logger handysize newbuilding bulk carriers according to phase 3 standards of the EEDI (Energy Efficiency Design Index), which will be compulsory for vessels contracted after 2025. Meadway Shipping & Trading (MST) has ordered 40K DWT logger handysize newbuilding bulk carriers at Hakodate Shipyard. Currently, Costas Dellaportas-led Meadway Shipping & Trading (MST) has a fleet of twelve (12) bulk carriers. Meadway Shipping & Trading (MST) fleet ranges from handysize to the kamsarmax bulk carriers. 9-June-2022

 

Meadway Bulkers and Delaway Maritime were established in 2021 by George Dellaportas. Meadway Bulkers was established in April 2021 after George Dellaportas and his brother Costas Dellaportas amicably split the assets of the original family company Meadway Shipping & Trading. Meadway Bulkers has acquired five (5) more bulk carriers since the company’s launch, bringing the total fleet to 11 bulk carriers. In May 2021, Meadway Bulkers acquired 2012 built panamax bulk carrier 78K DWT MV Nord Sirius for around $20 million. In June 2021, Meadway Bulkers acquired 2010 built kamsarmax bulk carrier 83K DWT MV Glorious Wind for around $20 million. In July 2021, Meadway Bulkers acquired 2014 built panamax bulk carrier 78K DWT MV Integrale (ex MV Orient Genesis) for around $23 million. Lately, Meadway Bulkers acquired 2011 built handysize bulk carrier 28K DWT MV Della (ex MV Star Life) and 2013 built handysize bulk carrier 37K DWT MV Lucky Life. Meadway Bulkers projects to grow considerably in the handysize bulk carriers. Meadway Bulkers concludes bulk carrier values are still comparatively low. Usually, the Dellaportas family opted for new building bulk carriers. But, Meadway Bulkers has preferred secondhand acquisitions instead. Meadway Shipping & Trading is led by Costas Dellaportas. Meadway Shipping & Trading was established by George Dellaportas and Costas Dellaportas’ father, Dionysios Dellaportas, who died in 2019. 25-July-2021

 

Greek shipowner and operator Meadway Shipping & Trading’s passed away founder Dionysios Dellaportas’ sons have split the company’s assets between George Dellaportas and Costas Dellaportas. Costas Dellaportas controls Meadway Shipping & Trading and his brother George Dellaportas established Meadway Bulkers and Delaway Maritime. George Dellaportas led Meadway Bulkers acquired 2012 built panamax bulk carrier 78K DWT MV Nord Sirius for around $20 million. George Dellaportas led Meadway Bulkers would not prefer investing in secondhand bulk carriers, however, current dry bulk market conditions have pushed the Meadway Bulkers to make an exemption to this practice. Currently, obtaining a new-building slot is becoming more difficult as shipyards hesitate to commit to fresh orders amid larger-than-expected price hikes for steel plates. Currently, George Dellaportas led Meadway Bulkers owns and operates seven (7) bulk carriers. Lately, Costas Dellaportas led Meadway Shipping & Trading acquired 2010 built ultramax bulk carrier 61K DWT MV Luna Rossa (ex MV Ultra Prosperity) from Nagashiki Kisen. 10-May-2021

 

Dionysios Dellaportas, the founder and president of Meadway Shipping & Trading Inc, died at the age of 70. Dionysios Dellaportas established Meadway Shipping & Trading Inc as a ship brokerage in 1988. Dionysios Dellaportas expanded Meadway Shipping & Trading Inc into ship-owning as well. Currently, Meadway Shipping & Trading Inc owns and operates 12 bulk carriers. Furthermore, Meadway Shipping & Trading Inc charters in 40 bulk carriers on a long-term basis. Dionysios Dellaportas is the first shipowner who opened a chartering office in Singapore. Meadway Shipping & Trading Inc will be controlled by his sons Costas Dellaportas and George Dellaportas. In 2009, Dionysios Dellaportas established the Singapore branch. In 2018, Dionysios Dellaportas established the Dubai branch. 17-July-2019

 

Athens-based shipowner and operator Meadway Shipping & Trading Inc sold 2005 built supramax bulk carrier 53K DWT MV Delfa for around $8 million to a Vietnamese shipowner and operator. In 2010, Meadway Shipping & Trading Inc acquired MV Delfa from Soechi Lines for around $25 million. Athens-based shipowner and operator Meadway Shipping & Trading Inc last sold a bulk carrier in April 2017, when Meadway Shipping & Trading Inc sold the sistership 2007 built supramax bulk carrier 53K DWT MV Lark to Meratus Line for $7.5 million. Meadway Shipping & Trading Inc was established by Dionysios Dellaportas in 1989 as a shipbroking company. In 2011, Meadway Shipping & Trading Inc opened an office in Singapore and recently opened an office in Dubai. Currently, Athens-based shipowner and operator Meadway Shipping & Trading Inc. own and operate a fleet of eleven (11) bulk carriers. 20-May-2019

 

Greek shipowner and operator Meadway Shipping & Trading inaugurated a successful venture in the Middle East via the UAE office. Meadway Shipping & Trading initiated the Dubai branch in July 2018. In 2010, Meadway Shipping & Trading unrolled the premier satellite office in Singapore. Meadway Shipping & Trading’s Dubai office will be directed by Will Stride. Meadway Shipping & Trading named Will Stride to open the Dubai office. Greek shipowner and operator Meadway Shipping & Trading become an international dry bulk carrier operator. Singapore office supported Meadway Shipping & Trading to establish relationships with Asian trading houses, shipowners, and encouraged business. Meadway Shipping & Trading operates around 40 dry bulk carriers. Currently, Meadway Shipping & Trading has a fleet of 12 dry bulk carriers. Supramax dry bulk carriers are the core business of Meadway Shipping & Trading. Meadway Shipping & Trading’s Dubai office has 5 chartering staff that manages short-term charters. Meadway Shipping & Trading’s Dubai office will dominate the Middle East, Red Sea, South and East Africa, and India. The rising amount of dry commodities are being exported or re-exported from the Middle East. Most notable shipped cargoes are sulfur, aggregates, and alumina. South African countries are shipping of coal, chrome, and manganese which are ideally suited to supramax dry bulk carriers of Meadway Shipping & Trading. Meadway Shipping & Trading is anticipating that 2019 will be a highly positive year for the company. Meadway Shipping & Trading’s Dubai office may hire new shipbrokers for the chartering department in the near future to supervise the increasing fixture volumes. 24-March-2019