We continue our expansion in the Panamax segment via the acquisition of a high quality second hand vessel
at one of the lowest parts of the shipping cycle,the M/V “SEA CHARM” ex “SEA OF GRACIA” 76,015 DWT Bulk
Carrier, built in 2003 at Tsuneishi Tadotsu Shipyard of Japan.
We continue our expansion in the Panamax segment via the acquisition of a high quality second hand vessel
at one of the lowest parts of the shipping cycle, the M/V “SEA MELODY I” ex “RED SETO” 76,015 DWT Bulk Carrier,
built in 2002 at Tsuneishi Tadotsu Shipyard of Japan.
We re-enter the Panamax segment via the acquisition of a high quality second hand vessel
at one of the lowest parts of the shipping cycle, the M/V “CAPETAN GIORGIS” ex “IKAN KEMBONG” 76,447 DWT Bulk Carrier,
built in 2005 at Tsuneishi Tadotsu Shipyard of Japan.
After the timely disposal of all our elderly tonnage
we are very cautiously monitoring both the 2nd-hand
and New-building markets for investment opportunities.