Enesel Group Reenters Dry Bulk Market with New Capesize Orders
Greek shipping company Enesel Group has made a significant move by returning to the dry bulk market, securing orders for two capesize vessels at Hengli Shipbuilding in China. This decision marks a notable re-entry for the Lemos family-controlled company, led by Andonis and Filippos Lemos, after a period of stepping back from bulk shipping operations in recent years. The new vessels, each with a deadweight tonnage of 181,500, are scheduled for delivery in the third quarter of 2027, as indicated on the company’s official website.
This strategic move comes on the heels of a fleet reshaping initiative by Enesel. Last year, the company exited the dry bulk segment by selling three capesize vessels to Hayfin Capital. This sale was part of a broader strategy to streamline its portfolio and focus on more profitable ventures. In addition to its exit from bulk shipping, Enesel has been active in the tanker market, successfully offloading several vessels, including aframax/LR2s and VLCCs, during a robust market cycle. Currently, the group’s fleet consists of 14 tankers and 11 containerships.
Growing Demand for Capesize Vessels
Enesel’s decision to re-enter the dry bulk market aligns with a rising demand for large bulk carriers. Recent months have seen an acceleration in orders for capesize and Newcastlemax vessels, driven by optimistic forecasts for long-term iron ore trade and a tightening supply outlook. Greek shipowners have been particularly proactive in this sector, with at least 12 of nearly 30 capesize and Newcastlemax vessels contracted in the first quarter of 2026. Notable companies such as Seanergy Maritime, Danaos, Maran Dry, and Navios Maritime Partners have all been active in securing new orders.
The resurgence in the dry bulk market reflects broader trends in global shipping, where demand for bulk carriers is expected to remain strong. The combination of increased iron ore trade and a limited supply of new vessels has created a favorable environment for shipowners looking to invest in capesize vessels. As Enesel Group re-establishes its presence in this segment, it joins a growing list of Greek owners who are capitalizing on the current market dynamics. This strategic pivot not only enhances Enesel’s portfolio but also positions the company to benefit from the anticipated growth in the dry bulk sector in the coming years.
