Meteor Management Bulgaria

7-January-2019

In January 2019, Varna based Meteor Management acquired 2005 Japanese built supramax dry bulk carrier 55K DWT MV Eleen Armonia (ex MV Navios Armonia). Bulgarian Meteor Management is backed by commodity trader Eleen Marine. Eleen Marine has been intending to build a fleet of up to 6 bulk carriers until the end of 2019.

MV Eleen Armonia (ex MV Navios Armonia) was built at Kawasaki Heavy Industries in 2005. Meteor Management acquired MV Eleen Armonia (ex MV Navios Armonia) from Japanese shipowner Doun Kisen.

In 2017, Meteor Management was established as a ship-manager company by joint venture of Global Maritime Navigation and DA Shipping. Eleen Marine is a commodity trader that invests in bulk carriers as an asset play and as a hedge for trading business. Oaktree Capital Management seems to be playing a key part in financing Eleen Marine’s fleet expansion.