CMB Releases Third Quarter Results
quarter 2007. third quarter. At the end of the third quarter Bocimar expanded its fleet considerably. for 10 Handysize bulk vessels (33,500 dwt) from Samjin Corporation (Korea). of these vessels is scheduled to take place between September 2009 and December 2010. unit from Dalian (China). The delivery of the vessel will take place in June 2009. The prospects for the remainder of the year are good. fully covered at rewarding levels. The current spot freight markets remain historically high. second- hand values of bulk vessels. increase of more than 60%. The contribution of other activities amounts to $15.8m (2006: $5.75m). sale of Fukuoka 1266 (2007-19,700 dwt). ordered by CMB together with Wah Kwong in 2003 and 2004, and sold in early 2006.
Bocimar Set for Fleet Expansion
CMB confirms that its subsidiary Bocimar International has sold its Handymax vessel CMB Talent (2001 – 52,403 dwt). The vessel is sold time charter attached, expiring at the end of 2008. The net sale price amounts to USD 53 million. At the time of delivery of the vessel, scheduled to take place at the end of November 2007, a capital gain of approximately $36m will be realized. Further, Bocimar has ordered 10 Handysize bulk vessels (33,500 dwt) from Samjin Corporation (Korea). The purchase price amounts to $36 million per vessel. The delivery of these vessels is scheduled to take place between September 2009 and December 2010. Finally Bocimar has ordered, in 50/50 joint venture with Drylog, one 180,000 dwt Capesize unit from Dalian (China).
