When Varco SA bought its first supramax in late 2016, a market source told TradeWinds that the low-profile Greek shipping company was reactivating its presence in dry bulk shipping with a view to expand further.
It took the outfit more than three years, but it is now fulfilling that promise. Varco, a firm believed to be controlled by members of the Varsamis family, has acquired at least one supramax from China’s Luhai Group.
