Eurobulk, the private outfit of Greece’s Pittas shipping family, is said to have agreed to buy a supramax bulker in its first vessel purchase in four years.
TradeWinds is told the company bought the 57,900-dwt Western Honolulu (built 2014) for $14m.
Sources with knowledge of the transaction described it as an “opportunistic purchase”, based on the belief that ship values are still low enough, despite fairly brisk activity on the secondhand market in recent weeks.
