View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
June 15, 2010

Baltic Trading to Buy Three Handysize Vessels

Baltic Trading Group will acquire three 35,000dwt Handysize vessels from Metrostar Group for $98.8m. The Handy Wind, Handy Cove and new build Hull No H-4011, will increase Baltic's tonnage capacity by 18.6% to 671,000dwt. The vessels, which will be deliv

By cms admin

Baltic Trading Group will acquire three 35,000dwt Handysize vessels from Metrostar Group for $98.8m.

The Handy Wind, Handy Cove and new build Hull No H-4011, will increase Baltic’s tonnage capacity by 18.6% to 671,000dwt.

The vessels, which will be delivered between July 2010 and October 2010, will be secured on spot market-related time charters with Cargill International.

Baltic plans to fund the acquisition through its existing $100m revolving credit facility.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology