CMB confirms that its subsidiary Bocimar International has sold its newbuilding Panamax vessel Jiangnan 2346.
The net sale price was $65m. At the time of delivery of the vessel, scheduled to take place in the course of the first quarter of 2008, a capital gain of approximately $32 million will be realized.
Further, Bocimar has ordered in joint venture with
Wah Kwong two newbuilding Handymax vessels (53,000 dwt
) from Chengxi Shipyard (China). The delivery of the vessels is scheduled to take place in March and August 2009.