Petros Panagiotidis, head of serial bulker buyer Castor Maritime, is not the only member of his family that is prowling the market for tonnage.

His sister Ismini, founder of low-key Pavimar Shipping, has been purchasing ships as well.

The Athens-based outfit has emerged as the new manager of the 77,300-dwt panamax Ajax (built 2006), a vessel reported sold by Monaco-based Transocean Maritime Agencies at the end of January for more than $10m.