One year after signing his first newbuilding orders, Greek shipowner George Chatzis is expanding his fleet following a string of transactions on the secondhand market.

In the latest of these deals concluded late last month, the low-profile player agreed to buy the 82,200-dwt kamsarmax Lily Atlantic (built 2009) for about $16.5m.

The ship was built at Tadotsu Tsuneishi and its previous Japanese owner, Toko Unyu, carried out a dry-docking and a special survey before selling it.