Greek shipowner and operator, Limassol based LMZ Shipping is expanding its fleet by ordering two (2) kamsarmax dry bulk carriers 82K DWT at Chinese shipyard Yangzijiang Shipbuilding. Greek shipowner and operator LMZ Shipping has not ordered new-building bulk carriers since 2003. Chinese shipyard Yangzijiang Shipbuilding is scheduled to deliver the first kamsarmax dry bulk carrier by Q4 2019. Each Tier II-compliant kamsarmax dry bulk carrier will cost around $25 million.
George Bachos-led LMZ Shipping has been active in the secondhand market. Greek shipowner and operator LMZ Shipping has a fleet of 8 dry bulk carriers which were all acquired from the secondhand market during the past five years. LMZ Shipping has a policy of expanding through selective acquisitions.
Currently, Cyprus based LMZ Shipping fleet compromises supramax dry bulk carriers: 57K DWT MV LMZ Pluto (ex MV Guoyu 51, built 2011), MV LMZ Ariel (ex MV Oriental Trader, built 2012), MV LMZ Phoebe (ex MV Maja, built 2011), MV LMZ Titan (ex MV Stavropol, built 2012), MV LMZ Vega (ex MV Flag Alexandros, built 2010), MV LMZ Europa (ex MV Georgianna, built 2011), panamax dry bulk carrier 75K DWT MV LMZ Ceres (ex MV TTM Brilliance, built 2011), 82K DWT MV LMZ Bianca (ex MV Grain Pearl, built 2013).
LMZ Shipping was established in 1999 by Liza Manios-Zachariou.