Blue Wall Shipping, established by brothers George and Stathis Gourdomichalis, has taken its fleet up to a dozen vessels with the purchase of a 28,500-dwt bulker newbuilding and may be looking for more.

The new ship, due for delivery from Imabari Shipbuilding Co in September, cost $22.6m and George Gourdomichalis tells TradeWinds that he believes the price is very attractive.

The bulker will be named Brazen and will join the Imabari-built sisterships Courageous (built 2004) and Dauntless (built 2002) at Blue Wall.

Buying