Athens based shipowner and ship manager Times Navigation Inc. acquired three (3) supramax dry bulk carriers for a total of $35 million. Greek John Karageorgis led Times Navigation approved the acquisition of MV Panagia Korona (ex MV Venus), MV Suprastar, MV Prosperity for All (ex MV Alexandrit).
2012 built supramax dry bulk carrier 56K DWT MV Panagia Korona (ex MV Venus) is acquired from Greek Super-Eco Bulkers for around $13 million. 2011 built supramax dry bulk carrier 56K DWT MV Suprastar is acquired from French Unishipping for around $12 million. 2010 built supramax dry bulk carrier 57K DWT MV Prosperity for All (ex MV Alexandrit) is acquired from another Greek shipowner for around $11 million.
After the latest acquisition Greek shipowner and ship manager Times Navigation Inc. fleet increased to five (5) dry bulk carriers. Recently, capesize dry bulk carrier prices have soared while the outlook for their future earnings remains volatile. Therefore, various Greek shipowners still favor supramax dry bulk carriers.