Pelagic Credit seals $47m Hartmann bulker leaseback

Oslo-listed Pelagic Credit has struck a $47.4m sale-and-leaseback deal for three Hartmann-controlled handysize bulkers, marking its first investment in the dry bulk sector. The Limassol-based shipping investor will acquire the 2016-built Federal Alster and 2017-built sisters Federal Mosel and Federal Ruhr. The three ships are each around 36,600 dwt. The vessels will be chartered back … Read full article →