The new-build vessel is designed to meet the requirements of Energy Efficiency Design Index related to greenhouse gas, GHG emissions, ‘EEDI, Phase 3’ to comply with the NOx emissions regulation, NOx-Tier III and will be financed from the cash reserves of the company.
Including this agreement, the company has an orderbook of nine Japanese new-build vessels, with deliveries starting from 2Q22, three of which are Post-panamax class and six are Kamsarmax class vessels.
Dr. Loukas Barmparis, President of the Company commented: “We managed to develop one additional new-build, sister vessel to existing orderbook, with a relatively prompt delivery date for Japanese new-buildings.”
