Athens-based shipowner and operator Chronos Shipping has recently engaged in significant transactions in the bulk carrier market. The company sold its 2006-built panamax bulk carrier, the MV Thessaloniki, which has a deadweight tonnage (DWT) of 76,000, for approximately $11 million. The buyer of this vessel is a Chinese shipowner and operator.
This sale follows Chronos Shipping’s disposal of another vessel last month, the MV Pireas, also built in 2006. This sistership of the MV Thessaloniki was sold to Niriis Shipping, another Athens-based shipowner and operator. In a strategic move to modernize its fleet, Chronos Shipping acquired the newer and larger MV Kleisoura (formerly known as MV Sakizaya Noble), a kamsarmax bulk carrier built in 2017 with a deadweight tonnage of 81,000. The purchase price for this vessel was around $25.5 million. These transactions reflect Chronos Shipping’s ongoing strategy to refresh its fleet, opting for newer, potentially more efficient vessels while divesting older ships. The shift towards a younger fleet can be seen as a response to evolving market dynamics and regulatory demands in the maritime industry, where factors such as fuel efficiency and environmental compliance are increasingly important. 15-March-2021
Greek ship-manager Niriis Shipping acquired 2006 built panamax bulk carrier 76K DWT MV Ivestos X (ex MV Pireas). Athens-based ship-manager Niriis Shipping acquired ten panamax bulk carriers in since 2019. In 2020, Niriis Shipping acquired three panamax bulk carriers from Greek shipowner and operator Gleamray Maritime. MV Ivestos X (ex MV Pireas) was built at the Imabari Shipbuilding. Previously, MV Ivestos X (ex MV Pireas) was owned by Chronos Shipping. Greek shipowner and operator Chronos Shipping still controls sistership 2006 built panamax bulk carrier 76K DWT MV Thessaloniki. 9-March-2021
Greek ship-manager Niriis Shipping managed 2005 built panamax bulk carrier 76K DWT MV Elnath is sold for around $6 million. MV Elnath was built at Sasebo Heavy Industries. In March 2019, Niriis Shipping managed MV Elnath (ex MV Rosali) was acquired from Empire Bulkers for around $10 million. Currently, Dimitris Gousis-led ship-manager Niriis Shipping manages six panamax bulk carriers for various shipowners. In January 2020, ship-manager Niriis Shipping took control of 2006 built panamax bulk carrier 74K DWT MV Ivestos 4 (ex MV Underdog) from Kassian Maritime. 19-May-2020
Greek ship-manager Niriis Shipping has acquired 2007 built panamax bulk carrier 74K DWT MV Ivestos 3 (ex MV Afterhours) from compatriot Kassian Maritime for around $9 million. In 2016, Kassian Maritime bought MV Ivestos 3 (ex MV Afterhours) for around $6 million. Greek ship-manager Niriis Shipping is preparing to increase the managed fleet. In a well-timed asset play with MV Ivestos 3 (ex MV Afterhours), Kassian Maritime made a good profit of approximately $3 million. Under the name of different clients, Greek ship-manager Niriis Shipping has bought five (5) secondhand panamax bulk carriers for a total of $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 contemplating 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 million. In another similar deal, 2012 built panamax bulk carrier MV Pan Kyla is sold for around $12 million and 2010 built panamax bulk carrier MV Sudestada is sold for around $11 million. 24-January-2020
Athens-based ship-manager Niriis Shipping has been renewing and expanding its fleet amid the rising number of deals for vintage panamax bulk carriers. Dimitris Gousis-led Niriis Shipping does not own ships but is solely managing them on behalf of various shipowners. In 2019, Greek ship-manager Niriis Shipping acquired three (3) panamaxes bulk carriers and one (1) handysize bulk carrier in the name of numerous shipowners. Greek ship-manager Niriis Shipping acquired 2004 built panamax bulk carrier 76K DWT MV Ivestos I (ex MV Kavo Manali), 2005 built panamax bulk carrier 76K DWT MV Elnath (ex MV Rosali) and 2004 built handy bulk carrier 32K DWT MV Marina K (ex MV Aurora Bulker). Furthermore, Athens-based ship-manager Niriis Shipping acquired 2004 built panamax bulk carrier 76K DWT MV Ivestos II (ex MV Vamos) from Avin International. Niriis Shipping was established in 2013. Lately, SwissMarine, Rigos Marine Enterprises, Hajioannou, W Marine, Stefanou Brothers, and Monte Nero Maritime invested in bulk carriers. Athens-based ship-manager Niriis Shipping bets is that strong freight rates throughout the panamax bulk carriers’ remaining trading life could be profitable. 6-November-2019
Greek ship-manager Niriis Shipping acquired 2004 built panamax bulk carrier 76K DWT MV Ivestos I (ex MV Kavo Manali), 2005 built panamax bulk carrier 76K DWT MV Elnath (ex MV Rosali). Furthermore, Athens-based ship-manager Niriis Shipping acquired 2004 built handy bulk carrier 32K DWT MV Marina K (ex MV Aurora Bulker) from Taiwanese shipowner and operator Sincere Navigation for around $7 million. Niriis Shipping acquires and manages these bulk carriers in the name of their customers. 22-September-2019
Athens-based ship-manager Niriis Shipping sold two panamax bulk carriers. Niriis Shipping sold 1998 built panamax bulk carrier 73K DWT MV Navalis (ex MV Antwerp Max) and 1998 built panamax bulk carrier 73K DWT MV Bonavento (ex MV Ostende Max) around $6 million each. In 2015, Greek ship-manager Niriis Shipping acquired MV Navalis (ex MV Antwerp Max) and MV Bonavento (ex MV Ostende Max) from Victor Restis-led Enterprises Shipping & Trading. Pantelis and Dimitris Gousis-led Niriis Shipping describes itself as a manager of bulk carriers. 10-February-2019