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Dato/tid 18.08.2017 11:33
Utsteder Songa Bulk ASA
UtstederID SBULK
Instrument SBULK
Marked OAX
Kategori ANNEN INFORMASJONSPLIKTIG REGULATORISK INFORMASJON
Informasjonspliktig   Informasjonspliktige opplysninger   Lagringspliktig melding
Vedlegg
Tittel Acquisition of Kamsarmax
Tekst
Oslo, August 18 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 Kamsarmax  
bulk carrier built in 2011 at Sanoyas in Japan (83.494 dwt) 

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

This brings the total fleet of the Company to 13 vessels and 
$236.425.000 has been invested so far. 
The Company is pleased with the composition of its fleet of modern 
vessels built at reputable yards. 

About Songa Bulk 
Songa Bulk ASA (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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