Vafias brings Brave Maritime bulker trio to Imperial Petroleum

Greek shipping company Imperial Petroleum is making significant strides in its fleet expansion by acquiring three bulk carriers from Brave Maritime, a sister company of the Vafias family. The deal, valued at $51.6 million, includes a unique payment structure where 10% will be settled in Imperial Petroleum stock. The new vessels, which are approximately 12.5 years old, are set to be delivered between September 2025 and August 2026.

Strategic Growth in Bulk Carrier Capacity

This latest acquisition will enhance Imperial Petroleum’s bulker capacity by approximately 164,400 deadweight tons (dwt). This move follows a previous agreement that saw the company add six Japanese-built bulk carriers to its fleet, increasing its total capacity by around 387,000 dwt. Notably, one of the vessels included in that earlier deal is the 2012-built Supra Pasha, which has a capacity of 55,800 dwt.

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Since its spin-off from StealthGas in 2021, Imperial Petroleum has rapidly expanded its operations. Initially starting with just four vessels, the company will now boast a fleet of 22 ships, which includes both tankers and dry bulk carriers. This aggressive growth strategy reflects the company’s commitment to strengthening its position in the maritime industry and responding to the increasing demand for bulk shipping services.

As the shipping sector continues to evolve, Imperial Petroleum’s strategic acquisitions position it well for future opportunities, ensuring that it remains competitive in a challenging market. The company’s focus on expanding its fleet with modern vessels underscores its long-term vision for growth and sustainability in the maritime industry.