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Sale and Purchase
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Latest From Sale and Purchase
South Korean yards being challenged by Chinese builders backed by government financing
Vessels to bring in about $1.5m in earnings before interest, taxes, depreciation and amortisation over next 12 months
The order, for a vessel of 170,000 cu m capacity, was won from a consortium of Marubeni, Sojitz, and Pertamina
The 2009-built, 58,700 dwt Songa Marlin is renamed as Thor Courage
Borrowed money to finance up to 60% of purchase price of six bulkers
Sale coincides with the partial vesting of restricted shares awarded to Mr Bugbee in the 2013 incentive plan
Lack of bank debt and higher cost for mezzanine debt will squeeze shareholders’ returns
Vessels to be purchased from controlling stakeholder John Fredriksen-owned Hemen Holding
Greek owner seeks insured value of $14m
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