Cosmoship Maritime Corp, a previously unknown Piraeus operator, has made its shipping debut by purchasing a six-year-old supramax.

The 57,000-dwt U Lucky (built 2011) used to belong to Hong Kong-based GrandFame Ship Management. The Xiamen-built ship was reported sold in August to unidentified buyers for $11m.

Speaking to TradeWinds this week, Greek owner John Karageorgis reveals his Times Navigation was behind an agreement to purchase the vessel for $11.4m.