A Greek owner is expressing satisfaction with his freshly delivered ultramax from Sinopacific’s Dayang as the bankrupt Sinopacific yards continue to turn out ships amid restructuring efforts.

The 63,500-dwt Alexandros P (built 2017) was delivered to Aristides Pittas’s Euroseas this week from Dayang, one of the two yards of Sinopacific Shipbuilding Group (SSG). The vessel is proceeding to South Korea and will trade on a spot basis for a breaking-in period before long-term employment is lined up.

Officials