Patitsas’s dry bulk return stymied

Patitsas’s dry bulk return stymied

Leon Patitsas’s return to dry bulk lasted just four days. The boss of Atlas Maritime was linked to fixing the United Ocean on Wednesday, a three-year old kamsarmax which was part of Japan’s United Ocean Group, a company that sought bankruptcy protection in Tokyo 16 months ago.

However, the $23m deal has since failed, the buyer not lifting subjects this past Sunday.

Nevertheless, brokers report Patitsas is very much in the market for a dry bulk return. His current fleet consists of five aframax tankers and a VLCC. Founded in 2004, Atlas Maritime has had bulkers in its fleet in the past as well as gas carriers.

Another high profile Greek is now being linked with the ship with one broking report out today suggesting George Economou’s Cardiff Marine has taken the sought after vessel.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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