Greek shipowner and operator Marmaras Navigation acquired 2015 Japanese built supramax bulk carrier 60K DWT M/V Aby Paola for $18.5 million. Currently, Marmaras Navigation has a fleet of 26 bulk carriers. Last month, Greek Marmaras Navigation also bought 2012 built panamax bulk carrier 81K DWT M/V Eternity Island for $13 million. In March, Greek Marmaras Navigation sold 1998 built handymax bulk carrier 47K DWT M/V Anatoli.
Marmaras Navigation acquired 2010 built kamsarmax bulk carriers 81K DWT MV Sadan K and MV Zeynep K at an auction in South Africa. Marmaras Navigation paid $20 million-plus bunker fuel costs. “K” stands for Kaptanoglu Shipping of Turkey. MV Sadan K and MV Zeynep K were put on the block sale by UniCredit. Kaptanoglu Shipping defaulted on credit payment of $52 million.