Dry CargoEurope

Busy Pavimar continues to grow fleet

Ismini Panayiotides-led Pavimar continues to stay busy, adding ships off the radar.

One deal revealed to Splash involves the 76,600 dwt Double Happiness, which was bought from Japanese owner Keishin Kaiun about a month ago. The ship, now renamed Real Happiness, is thought to have cost $10m.

Pavimar has been one of the most aggressive buyers of secondhand panamax tonnage over the past 12 months. The Greek owner has acquired four elderly Japanese-built vessels this year, quietly, almost doubling its fleet size, bringing its fleet list two nine bulkers of which eight are panamax size and the last ship is a supramax with the fleet average age profile now standing at nine years, and all of them built in Japan.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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