Both Advanced Shipping & Trading and Seasure Shipbrokers have confirmed that for the 2006-built cape Ocean Compass, Pavimar has forked out about $17.5 million.
According to VesselsValue's statistics, the vessel has a value of $13.44m, since it has only passed a special survey and is fitted with a Ballast Water Treatment System.
Pavimar, founded in 2014 by Ismini Panagiotidi, currently owns an 11-bulker fleet.
Maritime Business World