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Alexandratos picks up a third Japanese panamax

Photo of Grant Rowles Grant RowlesJanuary 8, 2019
341 Less than a minute
Diana Shipping

Apollonia Lines has made its first acquisition since 2016, acquiring the 2008-built Japanese panamax bulker Taurus Ocean from Mitsubishi’s Diamond Star Shipping.

The George Alexandratos led company has paid somewhere in the region of $14.3m, according to broking sources. The price matches the $14.3m fair market value placed on the vessel by MSI.

Splash understands the vessel will be renamed Blue Bosporus, and become the third vessel in the Apollonia Lines fleet along with Japanese-built panamaxes Blue Chip and Blue Ionion.

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Photo of Grant Rowles Grant RowlesJanuary 8, 2019
341 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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