Athens: Greek handysize operator FreeSeas has fixed a pair of handysize bulkers on a sale and leaseback deal.
A set of unspecified Norwegian investors will take the pair and put them on a bareboat charter back to Freeseas at a charter rate of $5,600 a day
Ion Varouxakis, the head of Freeseas, commented: “We are pleased to enter into these agreements, which enable the company to leverage its balance sheet for fleet expansion at an opportune time for counter-cyclical investments in the dry bulk market. Being positioned as a buyer in a falling asset prices environment we believe is the best possible strategy.”