On 1 April 2020, Greek shipowner and operator Leros Management’s 2012 built supramax bulk carrier 56K DWT MV Superior was seized in Singapore due to mortgage claim by Cross Ocean AGG II. Leros Management undertake all legal actions to release MV Superior.
MV Superior was seized via an arrest warrant issued by the High Court of Singapore due to $3.77 million mortgage claim to Cross Ocean AGG II. Luxembourg registered Cross Ocean AGG II is linked to London based Cross Ocean Partners.
In February 2019, Leros Management tried to sell its entire fleet:
- MV Superior (2012 built 56K DWT)
- MV Observator (2012 built 56K DWT)
- MV Voyager (2012 built 56K DWT)
- MV Explorer (2012 built 34K DWT)
In 2012, Leros Management acquired MV Superior, MV Observator and MV Explorer for $45m each. Currently, 2012 built supramax bulk carriers’ price tag is around $11 million.
Greek shipowner and operator Leros Management is trying to offload the entire fleet. Leros Management has four (4) dry bulk carriers in its fleets. Three (3) supramax and one (1) handysize dry bulk carriers were ordered at the peak of the market in 2008. Greek shipowner and operator Leros Management will be able to collect only a portion of what the company paid for the entire fleet.
Three (3) supramax dry bulk carriers were build at Chinese Shipyard Cosco Zhoushan Shipyard in 2012. One (1) handysize dry bulk carrier was built at Korean Shipyard Dae Sun Shipbuilding & Engineering in 2012. Greek shipowner and operator Leros Management transferred into modern tonnage after the sinking of 1976 built 21K DWT MV Leros Strength.