Atlas Maritime has returned to the dry bulk market after a 10-year hiatus, with company chief Leon Patitsas hoping this will turn out to be yet another well-timed strategic move in his family’s long shipping history.

In an interview with Trade-Winds, Atlas Maritime’s co-founder and chief executive confirms the outfit has bought the 83,000-dwt Navios Altair (built 2016).

The Tsuneishi Shipbuilding-constructed vessel will be renamed Atlas Strength and become the first unit in the fleet of Atlas Bulk, a new company that will be set up exclusively for the purpose of acquiring and managing dry bulk vessels.