Greek shipping heir Paris Kassidokostas-Latsis along with with two leading global investors formed a joint venture vehicle, Ivy Shipping LLC, with the primary purpose to invest in Supramax and Panamax dry bulk carriers.
As a first investment move, Ivy Shipping proceeded to purchase four Supramax built in Japan. According to Deal News, the vessels expected to be delivered by the end of summer and managed by Marla Shipmanagement Ltd, the interests of Paris Kassidokostas-Latsis.
Local media quoted Paris Kasidokostas-Latsis saying that he has decided to expand hisshipbuilding business with the cooperation of very important, international, strategic investors. He said he is very optimistic about this cooperation and with great confidence he looks forward to the achievement of the new goals.
The ships are expected to be delivered by the end of summer 2017 and will be managed by Marla Shipmanagement Ltd, a company owned by Paris Kassidokostas-Latsis.
Ivy Shipping will monitor the course of the markets and its shareholders have already agreed to expand the fleet by the end of 2017 if circumstances allow.