Baltic Trading Continues to Pursue Growth Strategy
Baltic Trading Limited has exercised its option to acquire two additional Ultramax newbuildings. The two option vessels, which will have the same specifications and purchase price as the Ultramax newbuildings Baltic Trading previously agreed to acquire, are expected to be delivered to Baltic Trading during the second and third quarters of 2015.
John C. Wobensmith, President and Chief Financial Officer, commented, “Management’s strategic decision to exercise the option to acquire two additional Ultramax newbuildings is consistent with our ongoing efforts to take advantage of favorable asset prices. With four Ultramax newbuildings now scheduled to be delivered to Baltic Trading, combined with the recently completed acquisitions of two Capesize and two Handysize vessels, we are poised to more than double the size of our modern fleet on a tonnage basis. We intend to use a combination of cash on hand, future cash flow from operations as well as commercial bank debt to fully finance the acquisition of the four Ultramax newbuildings for the benefit of shareholders.”
Port & Terminal Technology Conference & Exhibition 2016
MCI Media Limited are hosting the 8th International Port & Terminal Technology Conference & Exhibition in Charleston, SC.
This year, we are delighted to welcome South Carolina Ports Authority as official supporters.
Having established itself as a “must-attend” key industry event, Port & Terminal Technology will deliver an informative and technical conference programme complemented by an impressive line-up of industry experts.
Exploring the latest developments, issues, trends and technology affecting ports and terminals around the globe, the conference will provide delegates an invaluable learning opportunity as well as an excellent platform for discussion, debate and networking.
Port & Terminal Technology is specially designed for representatives from operations, maintenance and engineering from port authorities, terminal operators, consultancy firms, dredging contractors, maritime construction firms and suppliers of cargo handling equipment and those involved in the effective development and operation of container ports and terminals.
The conference is complemented by an intimate exhibition, comprising a select handful of elite market leaders, enabling companies to reach a niche target audience, showcase their products and network with potential, new and existing clients.
Rising sea levels, ever-larger container ships, increased pressure on the accessibility of ports and waterways and the associated infrastructural requirements are all global problems.
The time is ripe for sustainable solutions which are both financially feasible and ecologically responsible.
Conference and exhibition
The two-day international hydraulic engineering conference and exhibition World Water Works on 23 and 24 March 2016 at Antwerp Expo brings together science, industry practices and trends related to:
- Hydraulic engineering
- Accessibility of ports and waterways
- Coastline and shoreline projects
- The construction of bridges, locks and tunnels
- Future offshore sea ports
The Maintenance trade fair gives you a complete overview of all the latest trends and developments in all areas of the sector: tools, lubricants, cleaning equipment, spare parts, measuring devices, reliability, field services, safety management, asset management, energy management, maintenance software.
This Maintenance edition will take place 20 & 21 April 2016 at Antwerp Expo, together with the Pumps & Valves trade show.
As in 2012 and 2014, the Maintenance fair will be held concurrently with Pumps & Valves 2016, the technology trade fair for pump installations and industrial processing equipment.
