In late 1991 two sons of John Pittas, Aristides and Nicos, together with their cousin Aristides (son of John’s brother Pantelis) joined forces with Petros Pappas of Oceanbulk Maritime S.A. and decided to gradually shift the Pittas family interests to Piraeus. This was the beginning of the active involvement of the fourth Pittas generation in shipping. During 1991 – 1994 Oceanbulk expanded from a fleet of 5 when the Pittas family joined to a maximum of 15 vessels. The following ships were acquired.

Note that sold date of ships is only included up until the end of 1994, when Aristides and Nikos Pittas separated amicably from Petros Pappas and formed Eurobulk Ltd. Some of these ships are still managed by Oceanbulk.

M/V LORELEY

M/V CENTURION

M/V BULK ATHENA