For the second week in a row, Greek shipping mogul George Economou is linked to a newcastlemax.
Over the weekend the 14-year-old, Japanese-controlled newcastlemax, Baosteel Evolution was reported sold for around $19.5m.
was reported sold for around $19.5m.Last week the one year older sister ship, Baosteel Elevation, fetched around $19m.
In the last six months, two bulker outfits belonging to the Economou Group have been active in the secondhand market: delisted Dryships and TMS Dry. Dryships is identified as the buyer of ships in the cape segment, while both are listed adding traditional sized panamaxes.
