Ivy Shipping debuts with acquisition of supramax quartet

Ivy Shipping debuts with acquisition of supramax quartet

Paris Kassidokostas-Latsis and two investors have established a new dry bulk venture, Ivy Shipping, which has kicked off business with the acquisition of four Japanese-built supramaxes.

The six-year-old vessels are expected to be delivered before the end of September and will be managed by Marla Shipmanagement, which is owned by Kassidokostas-Latsis.

The company said it is looking for more fleet additions within the supramax and panamax sectors and is likely to move for more vessels before the end of the year.

“In 2014, we set out to increase our LPG and tanker fleet. Three years later our goal has been successfully realized. Taking under consideration the current market conditions, we opted to expand our shipping business activities by collaborating with very important global strategic investors. I am highly optimistic about this joint venture and very confident of its future,” Kassidokostas-Latsis said.

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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