Ultramax Newbuild Ready for Charter

Ultramax Newbuild Ready for Charter

Drybulk operator Baltic Trading Limited  has taken delivery of the Baltic Hornet, a 64,000 dwt Ultramax newbuilding. The Baltic Hornet is the first of four Ultramax vessels to be delivered to the company under previously announced agreements with Yangfan Group Co., Ltd.

The Baltic Hornet is expected to be delivered to its charterer, Swissmarine, on or about November 1, 2014 to commence a spot market-related time charter for 12 to 15 months.

The company used available cash as well as funds from its USD 16.8 million credit facility, which the company and its subsidiary Baltic Hornet Limited entered into on October 8, 2014, to pay the remaining balance of approximately USD 19.5 million for the Baltic Hornet.

Press Release

Share this article

Follow World Maritime News

In Depth>


<< Jun 2019 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >