Dry CargoEurope

Byzantine adds to supramax clear-out

Greek owners are active on each side of the table as they dive into the summer holidays.

One player getting noticed is Greek supramax specialist Byzantine Maritime who has decided that now is the time to sell its second IHI-built supramax this year, ready to cash in on the frantic S&P market.

In April brokers reported Byzantine had sold a 12-year-old supramax named Yvonne to LA Maritime. Data from VesselsValue shows the Mario Stafilopatis-led Byzantine successfully flipped this ship, pocketing some $3m on the ship, after purchasing it in April last year.

Now multiple brokers are reporting that Byzantine Maritime is in the process of selling a sister ship, named Lara. A price tag of over $15m is attached to this the deal, $3m more than it sold the Yvonne for earlier this year.

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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