USA based shipowner and operator TBS Ship Management’s sister company Valhalla Management sold two supramax bulk carriers 2002 built 51K DWT MV V Green Heron for around $4.5 million and MV V Gannet for around $5 million. Valhalla Management bought sisterships from Greek-based shipowner and operator Marmaras Navigation for around $18 million each in 2014. USA based shipowner and operator TBS Ship Management’s sister company Valhalla Management has six (6) supramax dry bulk carriers and one (1) handysize dry bulk carrier in the fleet. TBS Ship Management set up a supramax bulk pool called BlueMax Bulkers and a handy bulk pool called BlueHorizon Bulkers.
New York-based TBS Shipping USA has confirmed the departure of company CEO and co-founder Gregg McNelis after 24 years. Gregg McNelis led the TBS Shipping through historic lows in the dry bulk market and will be replaced as CEO immediately by Aadel Shaaban from Candlewood Investment Group. Candlewood Investment Group, one of the hedge funds that now owns TBS Shipping USA.