The Hong Kong-listed Great Harvest will take delivery of the 2010-built, 93,315 dwt vessel between 1 July 2014 to 10 August 2014, it announced to the stock exchange.
Great Harvest, principally engaged in chartering out its own bulkers, has been looking for a suitable purchase to take advantage of the favourable vessel valuation in the market.
“The directors considers that the vessel can be purchased at an attractive price and the group will be able to increase its shipping capacity upon delivery of the vessel,” Great Harvest said.
The vessel acquisition will be funded by bank financing and the internal resources of the group, Great Harvest added.
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