The Greek shipowner has acquired an eight-ship piece of the Lanhai Shipping fleet, two years after the collapse of the Guangdong-based owner and parent coal trader Lanyue Energy Development.

Procopiou’s Sea Traders picked up five supramaxes and three panamaxes for $68m. Last year, the bank behind the sale was reported to be looking for a total of just over CNY 1bn (then $163.5m,