Ismini Panayiotides-led Pavimar has increased its managed fleet to 15 vessels.
A couple of weeks before the year turned, the company took delivery of its latest dry bulk vessel, the 74,900-dwt Eisho (renamed Scorpio, built 2012).
Just a couple of brokers reported the ship's sale back in October, with Japan’s Doun Kisen reportedly offloading it for about $18.5m to unidentified Greek buyers.
Equasis now shows Pavimar as being the Sasebo-built ship’s new manager, in a deal that confirms the company’s appetite for vessels built in Japan.
Two thirds of Pavimar’s fleet have been constructed in the Far Eastern country.
Ismini Panayotides established Pavimar back in the summer of 2014 with an initial fleet of merely two supramaxes.
As 2019 dawns, the company boasts an overall 15 vessels, including six panamaxes, four kamsarmaxes, four supramaxes and a capesize.
One of Pavimar’s vessels, the 76,500-dwt Magic P (built 2004), belongs to bulker vehicle Castor Maritime, which is headed by Ismini’s brother Petros.
Another Greek-Japanese bulker transfer that had hitherto remained under wraps concerns the 81,400-dwt kamsarmax Daebo Newcastle (built 2011).
The ship, built at Hyundai Samho Heavy Industries, changed hands in October for about $19m, with buyers remaining undisclosed.
Equasis now reveals the vessel trading as Sea Harmony under the management of Greece’s Mega Shipping Ltd.
This is becoming the biggest vessel in Mega Shipping’s fleet, which also includes one panamax and two handymaxes. Mega Shipping is led by Captain Evangelos Stavrakis.
Online shipping directories are linking the company to New York-based MKM Chartering of Markos Marinakis.
