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C3is bolsters bulker fleet from Vafias stable

Greek owner C3is has struck a deal to acquire a handysize bulk carrier from Vafias dry arm Brave Maritime.

The Nasdaq-listed Harry Vafias-backed spin-off of Imperial Petroleum is paying $16.9m for the 2012 Japanese-built Eco Spitfire, in a deal approved by the company’s independent directors.

The 33,664 dwt unit is currently trading under a time charter, scheduled to expire at the beginning of May 2024.

C3is was founded last year as a bulker pure-play, only to shortly thereafter expand into tankers.

The company listed on Nasdaq last June and recently pulled off a reverse stock split to maintain its stock trading in the US.

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Following the Eco Spitfire buy, C3is will have three handy bulkers in its fleet accompanied by one aframax tanker.

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