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日本海事新聞ニュース Japan Maritime Daily Feb 17, 2026 (Tue)

[Interview] DryDel Shipping CEO Strategizes Expansion via Japanese-Built Fleet and Strategic Partnerships

[Interview]
 Costas Delaportas, CEO (Chief Executive Officer) of Greek shipping company DryDel Shipping (headqua ・・・ %E3%80%80Costas+Delaportas%2C+CEO+%28Chief+Executive+Officer%29+of+Greek+shipping+company+%3Cb%3EDryDel+Shipping%3C%2Fb%3E+%28headquartered+in+Athens%29%2C+spoke+to+this+newspaper+and+said%2C+%E2%80%9CCapesize+ships+have+great+potential%E2%80%9C+in+terms+of+ship+investment.+Regarding+the+shipbuilding+industry+revitalization+measures+supported+by+the+Japanese+government%2C+he+expressed+his+hope+and+said%2C+%E2%80%9CThe+options+for+ordering+new+ships+in+Japan+will+expand.%E2%80%9C+We+asked+Mr.+Delaportas+about+his+management+policy.+%3Cbr%3E+%3Cbr%3E%E3%80%80-I%E2%80%99d+like+to+start+by+asking+about+the+company%E2%80%99s+overview.+%3Cbr%3E%E3%80%80%E2%80%9CWe+are+an+owner-operator+of+dry+bulk+carrier+company%2C+with+a+core+fleet+of+37+vessels%2C+including+12+owned+vessels+and+25+long-term+chartered+vessels.+The+main+ship+types+range+from+Handysize+to+Kamsarmax.+The+average+age+of+the+vessels+is+very+young+at+4+years.+In+total%2C+we+operate+a+fleet+of+approximately+60+vessels%2C+including+short-term+charters+and+new+ships+on+order.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CAll+of+our+owned+ships+are+high-quality+ships+built+in+Japan.+All+long-term+chartered+vessels+are+also+chartered+from+Japanese+shipowners.+There+are+11+new+ships+on+order%2C+which+will+be+built+at+Japanese+shipyards+and+delivered+by+2029.+The+backlog+includes+four+large+Capesize+ships.+In+the+operator+business%2C+we+transport+approximately+6+to+7+million+tons+of+various+dry+bulk+cargoes+annually.%E2%80%9C+%3Cbr%3E%E3%80%80-What+do+you+think+is+the+reason+for+your+steady+growth%3F+%3Cbr%3E%E3%80%80%E2%80%9COur+growth+is+driven+by+three+principles%3A+%E2%80%99quality+over+quantity%2C%E2%80%99+%E2%80%99hands-on+management%2C%E2%80%99+and+%E2%80%99partnership.%E2%80%99+Rather+than+pursuing+scale%2C+we+focus+on+providing+high-quality+services+by+investing+in+fuel-efficient+Japanese-built+ships+and+managing+our+own+ships.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CThe+shipping+business+requires+speed.+In+the+Greek+market%2C+we+have+adopted+a+unique+owner-operator+business+model%2C+which+allows+us+to+have+contact+with+cargo+and+increase+the+quantity+and+quality+of+market+information+we+can+gather%2C+enabling+us+to+make+swift+and+disciplined+decisions.+We+also+place+importance+on+relationships+with+shippers%2C+charterers%2C+shipyards%2C+financial+institutions%2C+etc.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CAccess+to+cargo+is+our+strength.+I+have+always+claimed+that+%E2%80%99Cargo+is+King%E2%80%99.+The+company+has+established+bases+in+Singapore%2C+Dubai+in+the+Middle+East%2C+Sao+Paulo+in+South+America%2C+and+Houston+in+North+America+in+order+to+strengthen+its+relationships+with+shippers+and+local+shipping+industry+professionals.+Maintaining+a+position+close+to+cargo+is+the+key+to+success.%E2%80%9C+%3Cbr%3E+%3Cbr%3E%E3%80%80%E2%96%A0Business+opportunities+in+Capesize+%3Cbr%3E%E3%80%80-Why+are+you+focusing+your+investments+on+Capesize%3F+%3Cbr%3E%E3%80%80%E2%80%9CWe+ordered+one+Capesize+vessel+from+Namura+Shipbuilding+in+December+last+year.+There+are+four+new+Capesize+ships+on+order%2C+all+of+which+will+be+built+at+Namura+Shipbuilding.+We+aim+for+further+growth+by+diversifying+ship+types+and+broadening+the+scope+of+our+business.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CCapesize+has+great+potential.+There+are+three+reasons+for+this%3A+the+emergence+of+new+trade+patterns%2C+the+aging+of+existing+ships%2C+and+the+backlog+of+new+ships+on+order+remaining+at+historically+low+levels.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CShipments+of+iron+ore+and+bauxite+from+mines+in+West+Africa%2C+such+as+Simandou%2C+will+begin+in+earnest.+New+transport+demand+is+expected+to+reach+100+million+tons+per+year.+However%2C+many+of+the+existing+ships+are+over+15+years+old%2C+and+approximately+40%25+of+the+fleet+are+older+ships.+Many+of+the+aging+ships+will+need+to+be+replaced+around+2028-2029.+Despite+this%2C+the+backlog+of+new+ships+on+order+is+only+about+9%25+of+the+existing+fleet.%E2%80%9C+%3Cbr%3E%E3%80%80-What+is+your+growth+strategy%3F+%3Cbr%3E%E3%80%80%E2%80%9CIn+addition+to+diversifying+our+ship+types%2C+we+would+like+to+expand+our+own+fleet+and+increase+the+number+of+long-term+chartered+vessels+from+the+current+25+to+around+40.+We+are+also+considering+opening+new+bases%2C+but+the+most+important+thing+is+human+resources.+We+will+expand+our+global+network+after+hiring+the+right+people.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CWe+are+also+interested+in+tankers.+Currently%2C+market+conditions+are+soaring%2C+making+it+difficult+for+new+entrants+to+enter+the+market%2C+but+in+the+future%2C+if+the+right+opportunity+arises%2C+we+will+consider+investing+in+tankers.+We+would+like+to+enter+the+market+once+the+market+has+calmed+down.%E2%80%9C+%3Cbr%3E+%3Cbr%3E%E3%80%80%E2%96%A0+Sharing+with+Japanese+companies+%3Cbr%3E%E3%80%80-What+about+future+business+with+Japanese+companies%3F+%3Cbr%3E%E3%80%80%E2%80%9CSince+2010%2C+I+have+visited+Japan+four+to+five+times+a+year+and+have+built+very+good+relationships+with+the+Japanese+shipping+community.+Our+Japanese+partners+are+now+true+friends.+Together%2C+we+have+worked+on+numerous+newbuilding+projects%2C+long-term+charter+contracts%2C+bareboat+charter+contracts+%28BBC%29%2C+financing+agreements%2C+and+JOLCO+%28Japanese+Operating+Lease+with+Call+Option%29+projects.+Approximately+60%25+of+the+funding+comes+from+Japanese+finance.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CI+have+great+respect+for+the+outstanding+quality+of+the+ships+built+by+Japanese+shipyards+and+the+integrity+of+the+people+I+work+with.+Leveraging+this+strong+relationship+of+trust%2C+we+will+continue+to+pursue+further+business+opportunities+in+new+shipbuilding%2C+chartering%2C+financing%2C+and+more.+We+also+want+to+increase+opportunities+to+share+ships+in+joint+ventures+%28JVs%29+with+Japanese+shipowners.%E2%80%9C+%3Cbr%3E%E3%80%80--The+Japanese+government+plans+to+double+construction+capacity+in+an+effort+to+revitalize+the+shipbuilding+industry.+%3Cbr%3E%E3%80%80%E2%80%9CThe+Japanese+government%E2%80%99s+plans+to+revitalize+the+shipbuilding+industry+and+expand+capacity+will+create+new+opportunities+for+shipowners+like+us.+As+Japanese+shipyards+expand+their+construction+capacity%2C+there+will+be+even+more+options+for+ordering+high-quality+new+ships+in+Japan.+I+have+high+hopes+for+it.%E2%80%9D+%3Cbr%3E%E3%80%80--The+IMO+%28International+Maritime+Organization%29+has+postponed+the+adoption+of+the+Net+Zero+Framework+%28NZF%29+for+reducing+GHG+%28greenhouse+gas%29+emissions+by+one+year.+%3Cbr%3E%E3%80%80%E2%80%9CWe+believe+it+was+a+wise+decision+and+beneficial+for+all+parties+involved.+NZF+has+set+ambitious+GHG+emission+reduction+targets%2C+but+the+means+to+achieve+them%2C+particularly+the+infrastructure+for+the+fuels+to+be+used%2C+are+lacking.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9COur+company+plans+to+order+new%2C+fuel-efficient+vessels+and+maintain+its+competitive+edge+while+using+conventional+fuels.+While+closely+monitoring+trends+in+environmental+regulations%2C+technological+developments%2C+and+the+development+of+alternative+fuel+supply+infrastructure%2C+for+the+time+being+we+will+focus+on+investing+in+newly+designed%2C+conventionally+fueled+vessels+that+are+high+quality%2C+are+reliable%2C+and+offer+excellent+fuel+efficiency.%E2%80%9C+%3Cbr%3E%28Published+from+time+to+time%29+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83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