The Korean dry bulk operator has acquired five Polaris Shipping VLOCs

The company has also sold a Panamax vessel

Owners will be cutting their greenhouse gas emissions by 2030

The Chinese-built vessel was built in 2007

The vessel is expected to be delivered in August

Data for June 30

One of the offloaded vessels had been recently acquired

Data for June 29

Maxim Group acted as sole book-running manager in connection with the offering

The company believes asset prices present a good trading opportunity

The supramax index remained unchanged on June 26

Data for June 26

The vessel was launched on June 26

The company says that prices for secondhand bulkers are attractive

The index has been recovering for the past 20 sessions

Data for June 26

The new deal will have a tenor of five years

Data for June 25

The vessel will reach its compulsory scrap age limit by the end of the year

The vessels are expected to be delivered by March 2022