Dry CargoGreater China

Wisdom Marine to raise $80m via offshore bond issue

Taipei: Taipei-listed bulker operator Wisdom Marine has announced that it plans to raise $80m through an overseas bond issue. The raised funds will be used for fleet expansion.

J.P. Morgan Securities will be the overseas underwriter and MasterLink Securities will be the domestic underwriter of the bond issue.

Wisdom Marine added another bulker into the fleet in January, with the company expected to have a fleet of 100 vessels by the first quarter of 2015. [27/02/15]

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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