Marine Link
Monday, October 24, 2016

TBS International Limited to Acquire Vessel

December 30, 2005

TBS International Limited has reached an agreement to expand its fleet with the acquisition of the M.V. Kibishio Maru. The M.V. Kibishio Maru 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. The company expects to fund the acquisition using proceeds from its previously announced $17.5 Million Credit Facility and working capital. The company expects delivery of the M.V. Kibishio Maru in April of 2006.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

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.

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