Martechnic
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Singaporean shipping line STX Pan Ocean plans to invest $880m in eight very large ore carriers, to be delivered by 2012. The company will issue $200m in convertible bonds, with 50% of the proceeds to be used for the purchase of vessels. The bonds are expected to mature five y
Singaporean shipping line STX Pan Ocean plans to invest $880m in eight very large ore carriers, to be delivered by 2012.
The company will issue $200m in convertible bonds, with 50% of the proceeds to be used for the purchase of vessels.
The bonds are expected to mature five years from the date of issuance and will carry a coupon between 3% and 5%.
The company’s investment aims to meet the needs of a long-term contract entered with miner Vale International in September.
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Commercial Marine Shaft Power Meters
Prisma DI-5 and Prisma DI-5C Crankshaft Deflection Indicators