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MeldingsID: 429679
Dato/tid 14.06.2017 21:10
Utsteder Songa Bulk ASA
UtstederID SBULK
Instrument SBULK
Marked OAX
Kategori ANNEN INFORMASJONSPLIKTIG REGULATORISK INFORMASJON
Informasjonspliktig   Informasjonspliktige opplysninger   Lagringspliktig melding
Vedlegg
Tittel Vessel Acquisition
Tekst
Oslo, June. 14, 2017 / Songa Bulk ASA (Oslo Axess: SBULK) 
(the "Company" or "Songa Bulk") is pleased to announce that 
it has entered into an agreement to acquire a Capesize 
bulk carrier built in 2010 at STX in Korea (180,706 dwt) The vessel 
has been acquired at price of USD 28.85 million.

The vessel will be delivered during third quarter of 2017.The 
Company will establish a wholly owned subsidiary to take delivery of 
the vessel.


About Songa Bulk 
Songa Bulk AS (the "Company"), established by the Blystad 
Group and Herman Billung. The Company has low gearing, no legacy 
issues and a cost efficient operational platform. The 
Company 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. 
Please see our webpage: www.songabulk.no 

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