Dry CargoEurope

Economou bags a panamax

Broking sources link George Economou’s private outfit, TMS Dry, to the purchase of the 77,000 dwt Sea Vision, a six-year-old Japanese controlled panamax. The ship is noted sold for $29m. The ship is in good shape and is both scrubber and ballast water treatment system fitted.

The last time Economou broke cover in the S&P market was at the beginning of August when another bulker arm, Dryships, reentered the limelight. The Greek owner was reported spending some $75m for two Qingdao Beihai-built capes.

The Economou Group has a string of sister companies in dry including Cardiff Marine and Classic Maritime. A total of 45 bulkers are listed under the Economou Group.

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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