Primerose Shipping


Piraeus based Primerose Shipping’s 2015 built kamsarmax bulk carrier 82K DWT MV Ocean Saga was chartered out for $16,000 per day for around 8 months. All panamax and kamsarmax period tonnage that was taken in 2018 is trading very profitably now, notwithstanding the massive newbuilding order book.


Greek shipowner and operator Primerose Shipping is selling its oldest 2005 Japanese built panamax dry bulk carrier 77K DWT MV Lord Byron for around $11 million. MV Lord Byron is coming off a 6-month charter at $7,400 per day. In March 2017, similar panamax dry bulk carriers were around $5 million. In 2004, Greek shipowner and operator Primerose Shipping bought MV Lord Byron as a resale for around $40 million and accumulated cash during the boom years in shipping.


Greek Athenian Ship Management sold 1997 built panamax bulk carrier 69K DWT MV Sea Lord (ex MV Seaflower) to Indian scrapyard for around $2.7 million. Athenian Ship Management bought the ship as MV Sea Lord (ex MV Seaflower) from Greek shipowner Primerose Shipping for $24 million in 2010. Athenian Ship Management sold the 1996 built panamax bulk carrier 74K DWT MV Sea Fortune to Indian scrapyard last December.