Bremen-based ship-owning and ship management company Harren Bulkers has acquired PABARI, the first Handysize bulker to join its fleet.
Built in 2012 at Hyundai Mipo Dockyard in South Korea, the 37,000 dwt vessel has an overall length of 186.96m, a 28.6m beam and a moulded depth of 15.6m.
PABARI is currently the smallest ship in the Harren Bulkers fleet, which now numbers 23 vessels. The chartering is done by OneBulk from Hamburg.
“We are very happy that we were able to complete the project together with our partners Bertling and OneBulk,” said Joachim Zeppenfeld, managing director of Harren Bulkers.
“PABARI is a modern ship with a highly flexible economic design. And, as the first Handysize bulker, she is a valuable addition to our growing fleet.”
Patrik Pukall, head of project finance at Harren & Partner and general manager at Harren Bulkers, added: “In this market situation, we believe it is important to set up our projects on a stable long-term basis to secure financial stability for our project partners and, at the same time, take advantage of the positive market trend. We and our partner, OneBulk, were lucky to get the timing right.”