Press release
CAPITAL GAIN AND 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 USD 36 million will be realised.
Further, Bocimar has ordered 10 Handysize bulk vessels (33,500 dwt) from Samjin Corporation (Korea). The purchase price amounts to USD 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). The purchase price amounts to USD 100 million and the delivery of the vessel will take place in June 2009.
CMB NV
De Gerlachekaai 20
B-2000 Antwerp 1
Belgium
+44(0)1689 860660
impcomms@yahoo.co.uk
Ian Matheson
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.
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Bocimar’s contribution to the 2009 consolidated result amounts to EUR 121 million (2008: EUR 245 million).
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FOR FULL PRESS RELEASE PLEASE GO TO CMB CORPORATE WEBSITE : www.cmb.be
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