Greek shipowner Panos Efthimiadis is expanding into dry bulk shipping for the first time, with his Athens-based Leon Shipping & Trading linked to a kamsarmax newbuilding at China's Hengli Heavy Industries. The order brings the company's newbuilding tally to five vessels. No contract value or delivery schedule has been disclosed for the kamsarmax. According to TrustedDocks orderbook data, the single 82,000 dwt kamsarmax is a conventionally fueled vessel scheduled for delivery between January and March 2029, with the order reported by Tradewinds on 9 November 2026. Alongside the dry bulk move, Leon has also been linked to two LR1 product tanker newbuildings, details of which, including shipyard, delivery dates and pricing, have yet to emerge. These add to two 50,000 dwt MR tankers recently booked at Cosco Shipping Heavy Industry (Guangdong), carrying hull numbers 1350 and 1351 and scheduled for delivery in March and August 2029. Pricing for the MR pair has not been disclosed, though current market assessments put similar newbuildings at around $53m each, suggesting a combined benchmark of approximately $106m. The expansion comes alongside a reshuffling of Leon's existing tanker fleet. Brokers have linked the 2008-built, 50,000 dwt Leon Wisdom to a $26m sale to Union Maritime, while sistership Leon Grace was sold last month for a reported $23.5m to UAE interests and subsequently renamed Bella Sky. Both vessels were acquired earlier this year from International Seaways for a combined $32m, meaning the reported sales would generate approximately $17.5m above their original purchase prices before costs. Efthimiadis founded Leon Shipping & Trading in 2010 after 22 years with family-owned Lotus Shipping. The company has traditionally focused on tankers, including MR product carriers and older panamax tankers, with the Hengli order marking its first move into dry bulk tonnage.