Dry CargoEurope

Alios Bulkers panamax snapped up by Eastern Mediterranean

Thanassis Martinos-led Eastern Mediterranean Maritime (Eastmed) has acquired 2004-built panamax buker Ioannis Zafirakis from Livanos company Alios Bulkers, according to broking sources.

The Namura Shipbuilding-constructed vessel has been up for sale since June, and has now been snapped up by Eastmed for just north of $10m. MSI puts the fair market value of the vessel at $11.5m.

The sale will leave Alios with just three bulkers in its fleet, panamaxes Bellamys (pictured), Atlantic Hero and Atlantic Horizon.

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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