A new dry bulk player is up and running in Piraeus led by a member of Greece's Pappadakis family and John Couroussopoulos, a former co-managing director of Kassian Maritime.

Archangel Pacific has been in business since December. Equasis already lists the outfit with four bulkers, all of which were previously managed by Kassian.

Archangel's debut quartet consists of the 81,600-dwt Egyptian Mike (built 2011) and Resurgence (built 2012), 60,400-dwt Phoenix Rising (built 2015) and 55,500-dwt Antoine (built 2009).