Ivy Shipping has consummated its first deal, the acquisition of four Japanese built Supramax vessels, six years of age. The ships are expected to be delivered by the end of summer 2017 and will be managed by Marla Shipmanagement Ltd, a company owned by Mr. Paris Kassidokostas-Latsis. Ivy Shipping will be monitoring the developments of the dry bulk market, looking to expand the fleet opportunistically by the end of 2017.
Mr. Paris Kassidokostas-Latsis commented on this new investment: “In 2014, we set out to increase our LPG and tanker fleet. Three years later our goal has been successfully realized. Taking under consideration the current market conditions, we opted to expand our shipping business activities by collaborating with very important global strategic investors. I am highly optimistic about this joint venture and very confident of its future “.
Source: Ivy Shipping LLC
