Greek shipowner and operator Probulk Shipping & Trading sold 2001 built handymax dry bulk carrier 48K DWT MV Nepenthe for around $9 million. In 2017, Greek Alexandros Tsakos led Probulk Shipping & Trading bought MV Nepenthe for around $3.5 million. Recently, values of vintage handymax dry bulk carriers have strongly rebounded. MV Nepenthe is due for a special survey (SS) in November 2019. Currently, Greek shipowner and operator Probulk Shipping & Trading has a fleet of four (4) bulk carriers.
Greek Alexandros Tsakos’ father Elias Tsakos established Entrust Maritime in 1990. Elias Tsakos died in April 2015. In November 2014, Probulk Shipping & Trading SA was established at the same address as Entrust Maritime. In 2015, Entrust Maritime’s dry bulk carriers renamed and transferred to Probulk Shipping & Trading SA.