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Further expansion of the fleet with UBC Houston

Pelagic Partners’ second compartment continues its expansion with the recent addition of another Bulk carrier, bringing the total number of vessels under this compartment to seven and total acquired fleet of 18 since inception. Constructed in 2015 at Chengxi Shipyard in China, this Bulk carrier has a carrying capacity of 39,000 deadweight tons (dwt). Following the reflagging process, the vessel is now registered under the Cyprus flag and is actively trading within the UBC Pool.

UBC Houston, the newest vessel in Pelagic Partners’ fleet, aligns with the overarching goal of increasing exposure in the Bulker carrier sector to drive profits in the coming years. The Pelagic Yield Fund remains committed to implementing the successful strategy employed by the first compartment maintaining a combination of diversification in asset types and employment with relatively low leverage.

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