Iolcos returns to newbuild market with kamsarmax pair in China
Greek dry bulk owner Iolcos Hellenic Maritime Enterprises has re-entered the newbuilding market with an order for two kamsarmax bulk carriers in China.
Multiple shipbuilding sources indicate the Athens-based owner has contracted New Dayang Shipbuilding for a pair of 82,000 dwt vessels slated for delivery in 2029.
The order marks Iolcos’ first known newbuilding move since late 2021, when the company booked three kamsarmaxes at COSCO Shipping Heavy Industry Yangzhou. Those vessels have since been delivered and entered service.
Founded in 1982, Iolcos has managed more than 50 bulk carriers over its history and currently operates a fleet of about 18 dry bulk vessels.
While the deal is understood to have been concluded earlier this year, details have only recently emerged through shipbuilding and market databases.
Recent weeks have seen several Greek shipping groups linked to newbuilding activity in the segment. Evangelos Marinakis-controlled interests and Aristides Pittas-led companies have booked kamsarmaxes at China’s Hengli Heavy Industries, while Polys Hajioannou’s Safe Bulkers continues to pursue a newbuilding programme in Japan.


