Costamare Bulkers divests six smaller vessels as it targets bigger-sized ships

Greek shipowner Costamare Bulkers Holdings Limited is moving ahead with its fleet renewal after confirming the sale of six smaller dry bulk vessels. The New York-listed owner has disposed older and smaller tonnage as it targets bigger-sized vessels.

The company concluded the sale of six vessels, generating net sale proceeds after debt prepayment of $44m.

The shipowner announced the disposal of the 58,018-dwt Pythias (2010-built), the 35,995-dwt Bernis (2011-built), the 37,152-dwt Acuity (2011-built), the 37,163-dwt Verity (2012-built), the 37,071-dwt Equity (2013-built) and the 37,152-dwt Parity (2012-built).

Meanwhile, Costamare Bulkers is continuing its buying spree by snapping up bigger-sized vessels.

The shipowner reported the conclusion of the acquisition of the 2012-built, 176,387-dwt dry bulk vessel Imperator (ex. Imperator Australis).