Ismini Panayiotides-led Pavimar has increased its managed fleet to 15 vessels.

A couple of weeks before the year turned, the company took delivery of its latest dry bulk vessel, the 74,900-dwt Eisho (renamed Scorpio, built 2012).

Just a couple of brokers reported the ship's sale back in October, with Japan’s Doun Kisen reportedly offloading it for about $18.5m to unidentified Greek buyers.