Greek shipowner and operator Eastern Mediterranean Maritime (Eastmed) sold 1995 built handymax bulk carrier 45K DWT MV Glyfada for about $4 million to Ukraine based DCT Shipping. MV Glyfada was the oldest and smallest bulk carrier in Eastern Mediterranean Maritime’s (Eastmed) fleet. Ukraine based DCT Shipping has been steadily building handymax bulk carrier fleet. In 1995, MV Glyfada was built at Tsuneishi Group’s Tadotsu Shipbuilding. In March 2015, Eastern Mediterranean Maritime (Eastmed) sold 1995 built handymax bulk carrier 42K DWT MV Sealady. Odessa based DCT Shipping renamed MV Glyfada, and now trading in DCT Shipping’s fleet as MV Alby Happy. Currently, DCT Shipping has a fleet of five (5) bulk carriers.
Greek Thanassis Martinos led Eastern Mediterranean Maritime (Eastmed) bought 2012 built panamax dry bulk carrier 81K DWT MV Azalea Sky for around $22 million from Mitsubishi Corp. In 2017, Eastern Mediterranean Maritime (Eastmed) was one of the busiest shipowner on the S&P market for second-hand tonnage. In 2017, Eastern Mediterranean Maritime (Eastmed) acquired 5 dry bulk carriers and 1 tanker. Thanassis Martinos has positive estimates for the 2018 dry bulk market.