Paris Kassidokostas-Latsis has broken into the dry cargo market with a new venture in the supramax and panamax sectors.

The Greek owner was rumoured to have been exploring the dry bulk market for some time and today announced the launch of Ivy Shipping.

Kassidokostas-Latsis has teamed up with two global investors on the project, which has so far seen the acquisition of four Japanese built supramaxes.