As part of the companys stated growth strategy, Wilson has today entered into an agreement with a Chinese shipyard; Shandong Baibuting Shipbuilding Co Ltd (Rong Cheng, China) regarding the construction of 8 bulk vessel of 4.500 dwt. The agreement contains various reservations from both parties, hereunder mutually acceptable guarantees.
The subjects are expected to be lifted during first quarter 2008. The vessels are scheduled to be delivered from mid 2010 until primo 2012 and will have a cost price to the yard of about MUSD 10,4/vessel. Final information about the agreement will be made public as soon as the subjects are lifted and the contract becomes effective.
Wilson is currently operating a fleet of 107 vessels of which 47 within the 3-4.500 dwt segment.