Greek dry bulk owner Star Bulk Carriers has sealed an agreement with entitlies affiliated with Germany’s E.R. Capital Holding to acquire three 2010-built capesize bulkers.
Star Bulk is taking the E.R. Bayonne, E.R. Buenos Aires and E.R. Borneo, all built at South Korea’s Hyundai Heavy Industries, for a consideration of $39m plus 2.1m shares in Star Bulk (valued at $8.05 each at close yesterday).
The scrubber-fitted bulkers have a total value of $51.34m according to VesselsValue.
Delivery is scheduled for February 2021, and the three bulkers will grow Star Bulk’s fleet to 122 vessels of which 25 are capesizes.