Songa Bulk has bought a 2010-built capesize, adding to its fast growing fleet. Sources tell Splash the unnamed cape was bought from Golden Ocean although Songa Bulk has yet to reveal the identity of the seller. The Arne Blystad-led dry bulk vehicle paid $28.5m for the ship.
Songa Bulk said in a release today: “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.”
Last month, Songa Bulk mandated ABG Sundal Collier to arrange a series of fixed income investor meetings in the Nordics as it looks at issuing a five-year senior secured bond with net proceeds to be used to finance the acquisition of additional vessels.
