Mauro Balzarini, chairman of Siba Ships, says, “We believe this area of the bulk market is the most attractive, as the ships are as flexible as Panamax but offer a bigger lift. Over the last two years we have grown our bulk fleet and our strategy is to continue that expansion in particular niches where we see opportunities.”
SIBA currently operates fourteen Panamax, Kamsarmax and handy bulkers and has a further 15 bulk newbuildings for delivery between now and 2011. These include post Panamax, Kamsarmax, and handy size tonnage either owned or on long term charter.