Aristides Pittas has proved once again an adept asset player, flipping a handymax for a tidy $6.1m profit. The Euroseas boss bought the 2009-built Calypso Colossus in March last year for $8.3m. Since rechristened Eressos Luck, the 55,429 dwt bulker has now been sold to undisclosed interests for $14.4m.
, the 55,429 dwt bulker has now been sold to undisclosed interests for $14.4m.Pittas has been very active buying and selling bulkers and boxships in the last 12 months for Nasdaq-listed Euroseas.
In January, he commented: “Over the last year or so, despite the very challenging market conditions, we have taken advantage of quality vessel investment opportunities at a low point in the market cycle for both the dry bulk and containership segments. We are looking forward to continuing executing on this strategy and benefitting from a potential market recovery in both sectors.”
