Star Bulk acquires kamsarmax resale pair and brings its fleet to 128 vessels, says a press release published on their website.
Acquisition of vessels
Greek dry bulk owner Star Bulk Carriers inked an agreement with an unnamed third party to acquire two kamsarmax bulkers.
Vessel delivery
The vessels are expected to be delivered in June and September 2021 from YAMIC, a joint venture between Mitsui and New Yangzijiang. VesselsValue data indicates the likely seller is Japan’s Mitsui & Co.
Financing terms
Star Bulk says it is in advanced discussions to finance the largest part of the purchase price at competitive financing terms.
Fleet renewal efforts & initiatives
Petros Pappas, chief executive officer of Star Bulk, commented: “In view of the changing regulatory environment with regards to carbon emissions, we believe that the acquisition of these two resale vessels further contributes to our fleet renewal efforts and initiatives. Their 3- to 6-month prompt delivery, combined with an attractive purchase price and the strong fundamentals of the Kamsarmax and dry bulk sector overall, ensure this transaction adds value to the Company and to our shareholders.”
Star Bulk Carriers fleet
Upon completion of this deal, and last month’s acquisition of seven ships from Scorpio Bulkers, Star Bulk will have a fleet of 128 bulkers.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Star Bulk
