Greek shipmanager Niriis Shipping has acquired 2007 built panamax bulk carrier 74K DWT MV Ivestos 3 (ex MV Afterhours) from compatriot Kassian Maritime for about $9 million. In 2016, Kassian Maritime bought MV Ivestos 3 (ex MV Afterhours) for about $6 million. Greek shipmanager Niriis Shipping is planning to expand managed fleet. In a well-timed asset play with MV Ivestos 3 (ex MV Afterhours), Kassian Maritime made profit of approximately $3 million. Under the name of different clients, Greek shipmanager Niriis Shipping has bought five (5) secondhand panamax bulk carriers for about total $40 million. MV Ivestos 3 (ex MV Afterhours) was built in 2007 in Hudong-Zhonghua Shipbuilding, China. Previously, Niriis Shipping was focusing on Japanese built bulk carriers. On the other hand, Kassian Maritime continues to offload vintage bulk carriers.
Greek shipowners have been considering panamax bulk carriers as praiseworthy to trade around the Indian Ocean. In December 2019, another Greek shipowner acquired similar 2006 built panamax bulk carrier 74K DWT MV Phoenix Bay for around $8.5 million. In another similar deal, 2012 built panamax bulk carrier MV Pan Kyla is sold for around $11.7 million and 2010 built panamax bulk carrier MV Sudestada is sold for around $11.3 million