28207 members and growing – the largest networking group in the maritime industry!

LoginJoin

Sunday, June 25, 2017

Star Bulk Acquires Supramax

June 12, 2017

Photo: Star Bulk Carriers Corp

Photo: Star Bulk Carriers Corp

 Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, has announced that it has entered into a definitive agreement to acquire a Supramax dry bulk carrier from an unaffiliated third party. 

The acquisition will be partly financed through debt secured from a financial institution.
 
The Vessel has a carrying capacity of 56,582 deadweight tons and was built to high specifications at Jiangsu Hantong Shipyard, China in 2011. 
 
The Vessel is expected to be delivered to Star Bulk during the month of July 2017.
 
On a fully delivered basis, Star Bulk will have a fleet of 74 vessels, with an aggregate capacity of 8.1 million dwt, consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 52,055 dwt and 209,537 dwt. 
 
Star Bulk's fleet currently includes 70 operating vessels, 1 vessel acquired and due for delivery and 3 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.
 
Star Bulk CarrierstransportationChina