New Glory:Kavouka Bulker collides with ferry

Athanasios Kavoukas, Mrs. Margarita Kavouka

Bulk carrier New Glory IMO 9244269, dwt 48193, built 2001, flag Marshall Islands, manager TRANSMAR SHIPPING CO. S.A., Greece. Speed car-passenger ferry catamaran Millenium 2 Acconia IMO 9237644, GRT 6554, built 2003, flag Spain.collided near Seuta, Spain, at 1950 LT Jan 13. Transmar is a long-established traditional shipping Company, founded by George A. Kavoukas in 1972. In 1988 Mrs. Margarita Kavouka took over the Company after the sudden death of her husband, and in the late 90s her two sons Athanasios and Nikolaos joined the Company.