Greek family-run Bright Navigation, founded in 2008, has been steadily growing in the dry bulk sector. 

Sales registers show that the company has now acquired the 2013-built, 81,700 dwt kamsarmax Istria, renamed Peter S, for approximately $17.2m. The bulker was built at Wuhu Xinlian and was purchased from Germany’s Bertling Shipping. 

This marks the Stefanou family-run Bright Navigation’s second purchase in 2025, following the addition of a 2011-built handysize bulker in March. According to VesselsValue, the company’s fleet now numbers 12 bulkers, ranging from handysize to a 19-year-old cape. 

While headquartered in Piraeus, Bright Navigation – and its shipmanagement subsidiary Sea Gate Navigation, trace their roots back to the shipowning families of Andros, continuing the island’s strong tradition of contributing experienced owners to Greece’s dry bulk fleet.