Soloi fleet clear-out gathers pace

Soloi fleet clear-out gathers pace

Dakis Joannou-controlled Soloi is having a fleet clear-out. Having sold a 2009-built panamax bulker, Crystal Wind, for $13m in August, brokers reveal Soloi has been pitching another panamax, Faye, for sale in recent weeks, a 2010-built ship it bought in 2018 for $17.75m. The Athens-based owner is now about to put a ballast water treatment system fitted kamsarmax called Andromache up for sale. The 81,000 dwt ship was built in China in 2017.

If the sales go though Soloi would be left with just four bulkers in its fleet. The company is one of many owned by Joannou, an 80-year-old Greek Cypriot industrialist and famous art collector whose extensive collection of contemporary art and furniture is considered one of the most important in the world.

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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