Including this acquisition, the company has ordered four EEDI-Phase 3 compliant, NOx-Tier III new-build vessels, three of which are post-Panamax and one Kamsarmax class; acquired two Japanese second-hand vessels, a 2011-built and the 2013-built Panamax class, and sold selectively five older vessels, three of which are Panamax and two Kamsarmax class vessels.

Dr. Loukas Barmparis, President of the company commented: “This new acquisition is part of our efforts to gradually renew our fleet through selective acquisition of younger second-hand Japanese built tonnage replacing older vessels or Chinese built vessels. The core part of our renewal strategy remains the acquisition of advanced design energy efficient new-builds.”