M/Maritime

Greek shipowner and operator M/Maritime, bolstered by Greek entrepreneur John Mytilineos, has acquired the last vessel it was chartering, marking complete ownership over its entire fleet. Athens-based M/Maritime purchased the 2017-built handysize bulk carrier, 37K DWT MV Amber Star, thereby assuming full control of all 18 bulk carriers it operates. This strategic move solidifies M/Maritime’s position in the bulk carrier market, as it now fully owns all the bulk carriers it trades. The acquisition comes at the end of a five-year charter-in agreement with the vessel’s former Japanese owners. Currently, MV Amber Star is engaged in operations within the Hamburg-based TMA Bulk Pool Inc. This latest development is a significant step for Athens-based M/Maritime, which continues to expand its fleet under the guidance and financial backing of prominent Greek entrepreneur John Mytilineos. 24-May-2024

 

Greek shipowner and operator M/Maritime, supported by entrepreneur John Mytilineos, has expanded its fleet with the acquisition of an ultramax bulk carrier, bringing its total owned fleet to 17 bulk carriers. M/Maritime, known for its specialization in bulk carriers, has emphasized its commitment to a fully Japanese-built fleet with this latest addition. The Athens-based shipowner and operator M/Maritime announced the purchase through a formal statement, marking another step in its growth and emphasizing the M/Maritime’s preference for modern, high-quality vessels constructed in Japan. 12-February-2024

 

Greek shipowner and operator M/Maritime has undergone significant expansion since its establishment in 2017. Greek John Mytilineos-backed shipowner and operator M/Maritime has taken a significant step towards the rejuvenation of its fleet by selling of its oldest bulk carrier. Athens-based shipowner and operator M/Maritime sold 2014 built ultramax bulk carrier 63K DWT MV All Star Atlas for $24.5 million to a Chinese shipowner. This move is indicative of Greek shipowner and operator M/Maritime’s desire to focus on younger, chartered-in bulk carriers, as the company continues to make progress in its fleet renewal initiative. Notably, M/Maritime is backed by John Mytilineos, a well-known figure in the shipping industry. 21-April-2023

 

Greek shipowner and operator M/Maritime has recently become the newest addition to C Transport Maritime’s (CTM) supramax pool. M/Maritime added 2017 built supramax bulk carrier 60K DWT MV Areti GR to the Monaco-based C Transport Maritime’s (CTM) supramax pool for the RSA (Revenue Sharing Agreement). Monaco-based C Transport Maritime’s (CTM) expressed its profound pleasure in welcoming Greek John Mytilineos-backed M/Maritime to the supramax RSA (Revenue Sharing Agreement), which is widely acknowledged as the preeminent and most adaptable supramax bulk carrier pool available in the market. This month, Athens-based M/Maritime became the third new member to join the pool, following the likes of the d’Amico Group and Eastern Pacific Shipping in quick succession. Established in 2016, Greek John Mytilineos-backed M/Maritime has already procured three ultramax bulk carriers, as well as smaller bulk carriers and newbuildings on order. Last month, Monaco-based C Transport Maritime’s (CTM) welcomed back Idan Ofer’s Eastern Pacific Shipping to the RSA, which only serves to further augment the pool’s esteemed reputation. Idan Ofer’s Eastern Pacific Shipping added the company’s entire supramax fleet: 2010 built supramax bulk carrier 53K DWT MV Bridgegate, 2017 built supramax bulk carrier 63K DWT MV Daimongate, and 2019 built supramax bulk carrier 63K DWT MV Divinegate. C Transport Maritime’s (CTM) expressed the return of the owner highlighted the core strengths of the RSA (Revenue Sharing Agreement) its flexibility, with no minimum duration and only a three-month exit notice, plus no withdrawal fees and zero daily administration fees. C Transport Maritime’s (CTM) charges a 1.25% commission from the shipowners. Monaco-based C Transport Maritime’s (CTM) controlled supramax pool RSA (Revenue Sharing Agreement) had 5 members and 6 bulk carriers in 2013. Now, supramax pool has 18 members with 66 bulk carriers. Earlier in March, Italian shipowner and operator d’Amico Dry joined the CTM’s Supramax Revenue Sharing Agreement (RSA) with 2006 built supramax bulk carrier 53K DWT MV Medi Bangkok and 2009 built supramax bulk carrier 56K DWT MV Medi Paestum. Furthermore, Athens-based Greek shipowner and operator Chandris (Hellas) added a supramax bulk carrier to the C Transport Maritime’s (CTM) controlled supramax RSA (Revenue Sharing Agreement) in December. 30-April-2019

 

Greek shipowner and operator M/Maritime has acquired 2014 Japanese built kamsarmax bulk carrier 81K DWT MV Puppis Ocean from Mitsubishi Corporation’s Singapore subsidiary Diamond Star Shipping for $24 million. Athens based Greek shipowner and operator M/Maritime was established in 2017 and including the latest acquisition, M/Maritime’s fleet has grown to 9 bulk carriers. Athens-based shipowner and operator M/Maritime’s fleet mostly comprised of ultramax and handysize bulk carriers. Greek shipowner and operator M/Maritime also manages Japanese shipowners’ dry bulk carriers. At the begining of March 2019, M/Maritime signed a management and operation agreement of three 37K DWT Japanese newbuildings with Japanese shipowner Hisafuku Kisen KK. 22-March-2019

 

Athens-based shipowner and operator M/Maritime acquired resale new-building Imabari 936 handysize dry bulk carrier 38K DWT. M/Maritime christened handysize dry bulk carrier as MV Calypso GR. Athens-based shipowner and operator M/Maritime is backed by Mytilineos-family. M/Maritime was established in late 2016. Currently, M/Maritime has a fleet of two (2) ultramax and one (1) handysize dry bulk carriers. M/Maritime is scheming to acquire two (2) handysize and one (1) ultramax new-building bulk carriers. Athens based shipowner and operator M/Maritime has three (3) long-term chartered-in bulk carriers in the fleet. 18-June-2017