Chandris (Hellas) is the latest traditional Greek player to set up a separate entity to manage its dry bulk fleet, according to shipping sources and official filings.

The John Skordias-led company's new arm, Century Bulk Carriers Management, was registered with Greek authorities at the end of June, according to a shipping ministry document seen by TradeWinds.

The company lawyer filing the registration had the same Piraeus address as Chandris (Hellas).