Kassian Maritime Navigation, run by the the Pappadakis family, has continued to renew its bulker fleet with the disposal of a 12-year-old panamax vessel.
The Greek outfit has sold the 74,000 dwt Afterhour (built 2007) to five-ship strong bulker outfit Niriis Shipping for $9m.
Lion Shipbrokers noted in its most recent market report that Kassian purchased the Panama as Godavari back in October 2016 for $6.1m.
The ship has already been renamed Ivestos 3.It marks the fifth panamax added in just as many months by Niriis.
.It marks the fifth panamax added in just as many months by Niriis.
