CAPITAL GAINS AND FLEET EXPANSION
The total net sale price amounts to USD 253 million. At the time of the delivery of these
vessels, all scheduled to take place in the course of the third quarter, a total capital gain of
more than USD 154 million will be realised.
Further, Bocimar has ordered two 176,000 dwt Capesize newbuildings from Jinhaiwan
(China). The purchase price amounts to USD 88.5 million per vessel and the delivery is
scheduled to take place in April 2009 and July 2010.
Finally Bocimar, in joint venture with Wah Kwong (Hong Kong), has ordered two
Postpanamax 93,000 dwt newbuildings from Shanhaiguan (China). The newbuilding price amounts to USD 52.8 million per vessel. The vessels will be delivered in December 2010 and February 2011. As Bocimar’s stake will, in turn, be contributed into a 50/50 joint venture with Drylog, its overall share in these vessels will be reduced to 25%.
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e-mail: info@impresscommunications.org
CMB, Compagnie Maritime Belge, is a maritime group with its registered offices in Antwerp. The company was founded in 1895. Its shares are quoted on Euronext. The CMB share is included in the Next 150 index and is also part of the NextPrime index. The CMB Group's main activities are all directly or indirectly related to the shipping industry, i.e. transport of dry cargo and related financial activities.