New Shipping

7-April-2020

Adam Polemis led New Shipping acquired 2005 built newcastlemax bulk carrier 203K DWT MV Captain Leonidas (ex MV Azul Fortuna) for around $15 million from Japanese shipowner Kotobuki Kaiun in November 2019. Currently, MV Captain Leonidas (ex MV Azul Fortuna) market value is around $12 million due to coronavirus pandemic.

Previously, MV Captain Leonidas (ex MV Azul Fortuna) was believed to have been bought by Eyal Ofer led Zodiac Maritime. At that time, Zodiac Maritime was expanding its fleet by acquiring secondhand bulk carriers.

Athens based New Shipping registered MV Captain Leonidas (ex MV Azul Fortuna) on Bliss Holding Cooperation which shares the same Athens address with New Shipping. New Shipping has bareboat chartered four (4) newcastlemax bulk carriers to German bulker giant Oldendorff Carriers. However, MV Captain Leonidas (ex MV Azul Fortuna) will be traded at the spot market.

New Shipping has a mixed fleet of 38 bulk carriers and crude carriers.