Star Bulk Finalizes Deal to Buy Supramax

Athens-based dry bulk shipping company Star Bulk Carriers has entered into a definitive agreement to acquire a Supramax dry bulk carrier from an unnamed party.

The vessel has a carrying capacity of 56,582 dwt and was built at China’s Jiangsu Hantong Shipyard in 2011.

Although Star Bulk did not disclose the name of the ship or the seller, the bulk carrier that fits the description could be Privaegean. Namely, Star Bulk has been linked to the purchase of this Supramax ship which was built at the abovementioned yard in 2011. Privaegean was bought from Greek Bariba Corp. for USD 10.75 million on June 12, according to data provided by VesselsValue.

As informed, the bulker is expected to be delivered to Star Bulk during July 2017.

Star Bulk said the acquisition will be partly financed through debt secured from a financial institution.

Currently, Star Bulk’s fleet includes 70 operating vessels, one vessel acquired and due for delivery and three newbuilding vessels under construction at shipyards in China.

Additionally, the company has one chartered‐in Supramax vessel, under a time charter expiring in September 2017.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >