Shipping industry group CMB has confirmed that Bocimar International has sold the vessels ‘CMB Aurélie' (2007, 76,588DWT), ‘CMB Laetitia' (2007, 75,991DWT) and ‘CMB Yangtze' (2007, 53,617DWT).
The vessels has been sold to subsidiaries of Genco Shipping and Trading of the USA. The total net sale price amounted to US$253 million. At the time of the delivery of these vessels, all scheduled to take place in the course of the third quarter of 2008, CMB will realize a total capital gain of more than US$154 million. Bocimar has also ordered two 176,000DWT Capesize newbuildings from Jinhaiwan, China. The purchase price amounts to US$88.5 million per vessel and the deliveries are scheduled to take place in April 2009 and July 2010. Finally Bocimar, in a joint venture with Wah Kwong of Hong Kong, has ordered two post-Panamax 93,000DWT newbuildings from Shanhaiguan, China. The newbuilding price amounts to US$52.8 million per vessel. The vessels will be delivered in December 2010 and February 2011.
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