The Zenith Shipping Group of Greek owner Sophocles Zoullas has concluded yet another lucrative sale of a supramax vessel in a strategy that has seen it raise nearly $110m in revenues since last year.
That compares with about $40m that Zoullas had spent to acquire the vessels in 2015 and 2016, when the market was in the doldrums — and represents a profit of approaching $70m over six years.
