Vilmaris GmbH & Co. KGaA
Vilmaris gathers way: the Hamburg based ship investment company takes over dry bulk vessel ‘VIL Baltic’
Vilmaris GmbH & Co. KGaA / Key word(s): Miscellaneous Hamburg, 28th April 2011 – Hamburg based ship investment company Vilmaris GmbH & Co. KGaA expands the existing fleet and takes over supramax dry bulk vessel on 28th April 2011 in Fuzhou, China. The 'VIL Baltic' is a dry bulk vessel with 57,000 tons capacity, which was built in 2010 by Qingshan Ship Yard in China. The ship was purchased on 16th September 2010 from the Greek ship owner Libro Doro S.A. c/o Meadway Shipping & Trading Inc. for USD 33 Mio. The purchase price is well below the historical average for resales and approximately on the same level as the 10 year average for 5 year old second hand vessels and as such is very beneficial. The ship is equipped with cranes and grabs, which enables the exploitation of new and emerging markets further to existing main freight routes and independency from ground infrastructures. Especially growing markets of South East Asia and India can be served flexibly. The VIL Baltic is chartered out to a stock listed Korean logistic corporation for 16.475 USD/day for 58 – 62 months. This long time charter contract enables a positive stable cash flow in comparison to the purchase price. Vilmaris is listed at Hamburg stock exchange since June 2009 and focuses on the acquisition and subsequent chartering of midsized container and dry bulk vessels. The company plans to build up a diversified portfolio. The company's aim is to develop a diversified portfolio. By means of active portfolio-management Vilmaris will invest according to latest market developments and will seize opportunities arising from cyclical shipping markets and through dynamic price developments.
About Vilmaris
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Press contact: End of Corporate News 28.04.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Vilmaris GmbH & Co. KGaA | |
Kattrepel 2 ‘Montanhof’ | ||
20095 Hamburg | ||
Deutschland | ||
Phone: | +49 (0)40 32903-380 | |
Fax: | +49 (0)40 32903-424 | |
E-mail: | ir@vilmaris.de | |
Internet: | www.vilmaris.de | |
ISIN: | DE000A0RAK01 | |
WKN: | A0RAK0 | |
Listed: | Regulierter Markt in Hamburg | |
End of News | DGAP News-Service |
121935 28.04.2011 |