Meadway Bulkers, a newly set up company controlled by George Dellaportas, has made its first growth move with the purchase of a nine-year-old, Japanese-built panamax.
The acquisition of the 78,100-dwt Nord Sirius (built 2012) for about $19.5m is noteworthy for several reasons, market sources familiar with the deal told TradeWinds.
The Dellaportas family usually opts for newbuilding tonnage. Meadway Bulkers, which began operating as an independent outfit last month, says on its website that it does not invest in secondhand vessels and that it “believes in the exquisite art of shipbuilding” instead.
