Greek dry bulk specialist Alpha Bulkers is expanding beyond its traditional business model, making its first strategic move into the containership sector. The company has reportedly placed orders for 11 conventionally fuelled boxships across three size categories, marking a significant diversification in line with a broader trend among Greek owners.
First Move Into Boxships with Multi-Yard Ordering Strategy
According to Alphaliner, Alpha Bulkers has distributed its orders among three Chinese shipyards. Yangzijiang Shipbuilding will construct three 1,900 teu vessels, while Cosco Guangzhou Shipyard will deliver four 3,100 teu units. Completing the series, Yantai CIMC Raffles Offshore has been tasked with building four 4,500 teu containerships.
Although contract values remain undisclosed, estimated newbuilding prices stand at roughly $30 million, $45 million, and $59 million respectively for the three size classes. This sizeable investment reflects Alpha Bulkers’ intention to establish a meaningful foothold in the container shipping sector.
Part of a Wider Trend Among Greek Shipowners
Alphaliner notes that Alpha Bulkers joins a growing group of Greek tanker and bulker operators diversifying into containerships. Other recent entrants include Latsco Shipping, Minerva Marine, and Transocean Maritime all seeking opportunities amid improved boxship market fundamentals and fleet renewal cycles.
Alpha Bulkers, led by Anna Angelicoussis, currently operates 34 bulk carriers ranging from supramax and ultramax to kamsarmax and capesize segments, according to Lloyd’s List Intelligence. The new orders mark a major strategic addition to its traditionally dry bulk-focused fleet.
Alpha Bulkers’ entry into the containership sector underscores the growing appetite among Greek owners to diversify their portfolios and capitalize on new market opportunities. With 11 vessels on order across three shipyards, the company is positioning itself to expand its commercial footprint and adapt to shifting dynamics in global shipping.
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Source: Lloyd’s List
