Dry CargoEurope

Pleiades exits dry bulk

Pleiades Shipping has exited dry bulk with the sale of two ultramaxes to Middle Eastern buyers.

The Greek outfit has just offloaded two one-year-old 63,600 dwt ultramaxes, Kifissos and Ilissos, for about $26.5m each.

The sale leaves Pleiades with seven panamax, three aframax and four handy tankers, all built in Japan and South Korea.

The taker of the bulk carriers is Abu Dhabi National Oil Co’s bulker division, ADNOC Logistics and Services.

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.


  1. Do you think more companies will leave the dry bulk business with the current situation? Or will they stick to it seeing that the container business is taking a major hit currently?

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