Greek owner Michael Bodouroglou has started expanding in bulkers again, in a clear sign of how a recent freight-rate recovery has encouraged owners who have been laying low for years to invest in the sector again.
Market sources in Athens identify Allseas Marine — Bodouroglou’s private company — as the buyer of the 57,000-dwt supramaxes Ithomi and Parnon (both built 2011).
