A Greek owner has opted for a typical arbitrage move to win better returns.
Modion Maritime of Greece has taken delivery of its first bulker newbuilding after concluding a reshuffle of its orderbook intended to secure better returns.
The 82,300-dwt Christianna was handed over by Tsuneishi Shipbuilding’s Zhoushan facility. It was acquired as a resale in early 2008 from Kambara Kisen for a reported $53m.
Modion
