Greek shipowner Theodore Veniamis looks to have banked a tidy profit on the sale of two capesize bulkers to Genco Shipping & Trading.
Veniamis joins a list of prominent shipowners who bought capesizes during 2016, as rates plumbed the lowest levels since the 1980s, before selling them at a substantial profit.
Genco announced a $98m en bloc addition of two vessels built in 2016 yesterday, taking its summer spending to beyond $240m on six vessels.
