Star Bulk buys Supramax for $72 million
March 14, 2008 1:42 PM ET
NEW YORK (AP) - Greek drybulk shipper Star Bulk Carriers Corp. said Friday it's agreed to acquire a 2005-built Supramax carrier for $72 million, bringing its fleet to 11 vessels.
The 53,489-ton vessel will be financed through a combination of company cash and bank debt. The carrier is scheduled to be delivered in April. The company said it expects to have the carrier under charter by the time it arrives.
Supramaxes typically weigh about 52,000 tons and are among the smallest drybulk vessels on the seas.
Shares fell 19 cents to $11 in afternoon trading amid declines in the broader market.
No comments:
Post a Comment