Ready for new acquisitions of shipping companies is shipowner Harry Vafeias, who is sitting on $190 million earmarked for this purpose. 

The strongman of, among others, Imperial Petroleum, owner of both tankers and barges, after a very good summer of vacations and profits, now has enough firepower to expand his operations. According to BnB Secret, his Nasdaq-listed company reported net income of $19.5 million for the second quarter, and Vafias said that because it enjoys recurring profitability and has a strong cash position with zero leverage, it has the flexibility to grow further.