Low-profile Greek panamax operator Minoa Marine has added a fifth bulker to its managed fleet, in what is its first expansion in nearly three years.
Clients of the company have purchased the 76,800-dwt Drake (built 2006), according to online shipping directories.
Another Greek player, Pavimar, had been initially linked to that deal last month. However, Pavimar managers refrained from confirming they were the buyers.
