Pavimar returns to newbuild market with four Hengli bulkers

Greek dry bulk owner Pavimar has made a rare newbuilding move, with a four-ship kamsarmax programme at China's Hengli Heavy Industries. The Athens-based company, headed by Ismini Panagiotidi, has contracted the quartet for delivery through 2029, according to shipbroking sources. The price has not been disclosed. European brokers currently assess Chinese-built kamsarmax newbuildings at between…