Technomar takes two more bulkers

Greek bulker and containership owner Technomar Shipping continues to expand its fleet and has acquired two Chinese-built panamax bulkers from German interests.

Sources say Technomar is buying the Jiangsu-built 79,000-dwt Selandia (built 2011) and Burgia (built 2010). A price of $26.7m en bloc is mentioned.

Technomar managers were not available to comment on the information.

The price appears quite attractive for the buyer, with VesselsValue saying the duo is worth $28m. The deal is believed to be on subjects.

The two ships, listed in the fleet of Danz and Tietjens Schiffahrtsgruppe, are due for special survey in November 2020.

Shipping reference sources are listing George Youroukos-led Technomar as owner, manager or operator of nearly 60 ships, all drybulkers and containerships.

Last year Technomar was one of the most active Greek buyers of tonnage, acquiring 10 bulkers, reportedly all in bank-driven deals.

The expansion has continued this year. In the summer, it bought two Chinese-built supramaxes from compatriot Bariba Corp, reportedly paying $9.8m for the 57,000-dwt Privmed (renamed Xenofon XL, built 2010) and $9.4m for the 57,000-dwt Privsea (renamed African Queen, built 2007).

Lat month, it purchased the Hudong-built 74,000-dwt bulker Trans Pacific (renamed Stratton, built 2004) from Germany’s Chemikalien Seetransport, reportedly paying about $8.3m.