Polaris Shipping Adds New Capesize to Its Fleet

zoomIllustration; Image Courtesy: Diana Shipping South Korean shipowner Polaris Shipping has opted to expand its fleet as it reached an agreement to purchase a 209,000 dwt Capesize vessel TRF Charleston. Under the deal signed on June 5 with US-based TRF Ship Management, Polaris Shipping will purchase the companys bulk carrier newbuilding for USD 46.2 million. The vessel fetched a price which is slightly over its current market value of USD 42.4 million, according to data provided by VesselsValue. Featuring a length of 300 meters and a beam of 50 meters, the bulker was delivered from China Shipping Industry in January 2017. The newbuilding will join Polaris Shippings fleet of 31 bulk carriers. World Maritime News Staff