Songa Bulk ASA announces acquisition of Kamsarmax bulk carrier
Songa Bulk ASA has entered into an agreement to acquire a Kamsarmax bulk carrier built in 2012 at Tsuneishi in Japan (82,188 dwt), the company said in its press release. The vessel will be delivered in October 2017. Songa Bulk ASA will establish a wholly owned subsidiary to take delivery of the vessel. This brings the total fleet of Songa Bulk ASA to 15 vessels and $279,675,000 has been invested so far. Songa Bulk ASA is pleased with the composition of its fleet of modern vessels built at reputable yards. About Songa Bulk
Songa Bulk ASA, established by the Blystad Group and Herman Billung. Songa Bulk ASA has low gearing, no legacy issues and a cost efficient operational platform. Songa Bulk ASA 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.