Marine Link
Thursday, December 8, 2016

TBS International Limited Takes Delivery of Vessel

May 2, 2006

TBS International Limited has taken delivery of the M.V. Kibishio Maru, which it had previously agreed to acquire, thereby expanding its controlled fleet to 32 vessels. The M.V. Kibishio Maru, renamed the M.V. Aztec Maiden, is a 19,777 dwt multipurpose tweendecker that was built in 1984. TBS agreed on December 29, 2005 to acquire the M.V. Kibishio Maru for $8.1 million. It was delivered in Ho Chi Minh City, Vietnam on May 2, 2006. The acquisition of the M.V. Kibishio Maru was previously disclosed in TBS's filings with the Securities and Exchange Commission, including the annual report on Form 10-K, for the year ended December 31, 2005, filed on March 16, 2006. The company's controlled fleet of 32 vessels is composed of 25 owned vessels and 7 vessels under charters with options to purchase. The fleet consists of 20 multipurpose tweendeckers with an aggregate cargo carrying capacity of 455,900 dwt and 12 handymax bulk carriers with an aggregate cargo carrying capacity of 486,800 dwt. In addition, to its controlled fleet, TBS operates another 3 vessels which it charters-in without options to purchase.


 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News