• 2017 August 8 11:08

  Songa Bulk ASA announces acquisition of Kamsarmax Bulker

  

  Songa Bulk ASA has entered into an agreement to acquire a Kamsarmax bulk carrier built in 2010 at Sumitomo in Japan (81.466 dwt), the company said in its press release. 

  The vessel will be delivered during fourth quarter of 2017. Songa Bulk will establish a wholly owned subsidiary to take delivery of the vessel.

  This brings the total fleet of Songa Bulk to 12 vessels and  $217.225.000 has been invested so far. 10 vessels have been  delivered while Songa Opus,(Capesize purchased in June) is expected  to be delivered end of this month.

  About Songa Bulk 

  Songa Bulk ASA, established by the Blystad  Group and Herman Billung. Songa Bulk has low gearing, no legacy  issues and a cost efficient operational platform. Songa Bulk seeks to actively manage the cyclicality of the  drybulk market by investing at historically low levels,  focus on returning capital to shareholders through asset  sales and/or dividends as the market recovers. 

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