Major cash buyer Best Oasis Ltd (BOL) has set up a Piraeus office dedicated to servicing the Greek market.

Alang-based BOL, a unit of Indian shiprecycler Priya Blue Industries, has chosen Yiannis Kourkoulis to man the new Greek branch, which began operations on 30 July.

“BOL has been expanding for quite some time and we thought it was a very good time to do so in Greece as well,” said Kourkoulis, a former sale-and-purchase broker at URSA Shipbrokers.