Greek shipowner and operator Sea Gate Navigation Ltd controlled ship, which was chartered to the US commodities corporation Cargill, has suffered damage due to a mine explosion in the Black Sea. The incident involved the 2011 built panamax bulk carrier 75K DWT MV Georgia S. The ship was navigating away from a Ukrainian port when it encountered the mine. Fortunately, the crew members aboard the MV Georgia S were unharmed in the explosion and managed to navigate the vessel to Romania using its own power. Athens-based Dimitris and George Stefanou-led shipowner and operator Sea Gate Navigation Ltd controlled 2011 built panamax bulk carrier 75K DWT MV Georgia S is now facing the consequences of this unexpected maritime hazard. This incident was reported by Ukrainian news outlet Dumska. The event underscores the heightened risks of maritime navigation in conflict zones, particularly in the currently volatile Black Sea region. 17-November-2023
George and Dimitris Stefanou, Greek shipowning brothers, are intensifying their presence in the bulk carrier market with a series of recent secondhand vessel acquisitions. Operating through their companies, Bright Navigation and Sea Gate Navigation Ltd, the Stefanou siblings have significantly expanded their fleet, focusing on bulker vessels. Bright Navigation and Sea Gate Navigation Ltd’s latest acquisitions include two panamax and two handysize bulk carriers, showcasing their active involvement and strategic growth in this sector. Hailing from the Aegean island of Andros, traditional shipowners Bright Navigation and Sea Gate Navigation Ltd have become prominent figures in the Greek bulk carrier market. Since 2021, Bright Navigation and Sea Gate Navigation Ltd have impressively added 10 vessels to their fleet, without any reported sales or demolitions. This buying spree positions the Dimitris and George Stefanou-led Sea Gate Navigation Ltd as key players in the Greek shipping industry, particularly in the bulker segment. Greek shipowning brothers George and Dimitris Stefanou’s assertive expansion strategy over the past two years reflects a strong confidence in the market and a commitment to growing their maritime business. 12-November-2023
The Stefanou brothers, Dimitris and George, from Andros, Greece, have continued to grow their fleet with the recent acquisition of two older panamax bulkers. Their company, Sea Gate Navigation Ltd, is gaining attention for its focus on veteran vessels in the bulker segment. The latest additions to their fleet are a pair of vintage, Japanese-built panamax bulkers. The ships in question are the 74,100 deadweight tonnage (dwt) Little Prince, built in 2001, and the 74,200-dwt Boreal, built in 2002, both constructed by Namura Shipbuilding. These acquisitions highlight the Stefanou brothers’ strategy of investing in older but potentially valuable vessels. In addition to these purchases, Sea Gate Navigation Ltd is planning to further expand its fleet with the addition of a capesize vessel. This move will bring the total number of bulkers under their control to 12 ships. The Stefanou brothers controlled Sea Gate Navigation Ltd’s ongoing expansion and strategic acquisitions continue to solidify their position in the Greek shipping industry, particularly within the bulk carrier market. 23-September-2019
Greek shipowner and operator Sea Gate Navigation Ltd acquired third Japanese built capesize dry bulk carrier in nine months. Dimitris and George Stefanou-led Sea Gate Navigation bought 2006 built 185K DWT MV Andros Navigator (ex MV Cape Dover) from Japan’s K Line for around $22 million. MV Andros Navigator (ex MV Cape Dover) was built at Japanese shipyard Kawasaki Heavy Industries. Dimitris and George Stefanou brothers are controlling capesize dry bulk carriers via Sea Gate Navigation and other dry bulk carriers are controlled via sister company Bright Navigation. Bright Navigation currently manages 5 panamax and 1 ultramax dry bulk carriers. Sea Gate Navigation, Star Bulk Carriers, Bulkseas, Times Navigation are the top companies that acquired capsize dry bulk carriers in 2018. Greek shipowner and operator have spent around $57 million in total for 3 capesize dry bulk carriers. Sea Gate Navigation, previously acquired 2006 built 176K DWT MV Andros Glory (ex MV NSS Grandeur) and 2003 built 171K DWT MV Andros Beauty (ex MV Aquabeauty). Dimitris and George Stefanou are coming from Greek island Andros. 27-September-2018
Sea Gate Navigation Ltd, a Greek shipowner and operator based in Piraeus and controlled by the Stefanou brothers, has rapidly emerged as a prominent player in the capesize market. In just nine months, Sea Gate Navigation Ltd has notably expanded its presence in this sector, having not been previously active in the capesize arena before January. This Athens-based Sea Gate Navigation Ltd has successfully acquired its third Japanese-built capesize vessel in this short span, marking a significant stride in its fleet expansion. This latest purchase, confirmed earlier this week according to sources within the Greek shipowning and shipbroker community, positions Sea Gate Navigation Ltd as the second busiest secondhand capesize buyer in Greece this year. Sea Gate Navigation Ltd’s swift and strategic acquisitions highlight its dynamic approach to fleet development, underscoring its status as one of the most active Greek buyers in the capesize segment. Sea Gate Navigation Ltd’s growth trajectory in the capesize market reflects a keen understanding of the maritime industry and an agile response to market opportunities. 20-September-2018