Greek owner Bariba Corp has yet to exit shipping, sources tell Splash.
One month after Eastern Mediterranean made headlines for picking up Bariba’s last vessel for $21m, and five months after the Athens-based company circulated its entire seven-ship fleet for sale, brokers tell Splash that the deal collapsed and the SPP-built 81,400 dwt kamsarmax Privocean (built 2013) is again up for grabs.
Barbiba decided to sell its fleet after its principal backer Andreas Vgenopoulos died from a heart attack in November last year.
Brokers tell Splash that Braemar ACM has been tasked with the Bariba sale. A total of five supramaxes and one panamax bulker in the same age group were sold in a fire sale handled by Braemar ACM on behalf of Bariba between June and October.