The eight 5,300 dwt multi-purpose bulk carriers contract consists of four firm vessels and four options, which are scheduled for delivery before July 2024 and July 2025 respectively.
The total contract value is $88.8m, accounting for 108% of the company’s revenue in 2020, which is expected to bring positive effect to the company’s performance for the period of 2022 and 2025.
The vessels signed this time are a common multi-purpose vessel type which has a large market demand in European market, we believe this deal has a low default risk, said Bestway.
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