Star Bulk acquires secondhand supramax bulker

Grant Rowles June 13, 2017

5 Less than a minute

Greek owner Star Bulk Carriers has acquired a six-year-old Chinese-built supramax bulker.

The 56,582 dwt bulker, built at Jiangsu Hantong Shipyard, was acquired from an unnamed, unaffiliated third party. Brokers indicate the vessel is Bariba Corporation’s Privaegean.

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

The vessel is scheduled to be delivered to Star Bulk next month, increasing its fleet to 74 vessels inclusive of three ships currently under construction in China.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.