CLIPPER GROUP HAS ACQUIRED 3 HANDYSIZE VESSELS

Clipper Bulk, in close collaboration with a financial partner, has acquired 3 Handysize dry cargo vessels.

The acquisition involves

A 32,755 DWT carrier built in 2010, to be renamed Clipper Appollonia

A 32,691 DWT carrier built in 2010 to be renamed Clipper Aegina

A 32,535 DWT carrier built in 2010 to be renamed Clipper Alexandria

Clipper Bulk will take delivery of the 3 vessels during the next months.

Following these additions, Clipper Bulk now operates approx. 85 Handysize and Supramax vessels, including tonnage operated by the 2 Clipper Bulk-managed pools: the Clipper Handy Pool (28-38,000 dwt vessels incl. fully fitted loggers) and the Clipper Ultra Pool (64,000 dwt, grabs fitted vessels).