Athens based shipowner and operator Pavimar SA is selling oldest supramax bulk carrier in fleet renewal move. Pavimar is selling 2005 built supramax dry bulk carier 53K DWT MV Ribbon for about $9 million. Deal has not yet been concluded. Ismini Panayiotidies led Pavimar will lower the age profile of its fleet. Imabari Shipbuilding constructed MV Ribbon is due for special survey in 2020.
In May 2019, Pavimar SA acquired 2009 built panamax bulk carrier 78K DWT MV May (ex MV Lake Dahlia) from Triton Navigation for $13.8 million.
Ismini Panayiotidies established Pavimar in 2014. MV Ribbon was earlier in the fleet of Maryville Maritime which is controlled by Ismini Panayiotidies’ father Villy Panayotides. Pavimar SA has a fleet of four (4) supramax, ten (10) panamax, one (1) capesize bulk carriers.