Wisdom Marine in Ship Acquisition Mode

Taipei-based shipping company Wisdom Marine Lines informed that its board of directors has approved the purchase of one 63,700 dwt bulk carrier. 

As informed, the ship will be bought from Chijing Shipping.

Wisdom Marine said it will pay USD 26.5 million in installments until the delivery of the bulker.

The purpose of the acquisition for Wisdom Marine is to better manage its fleet portfolio.

Separately, the company said that its board of directors has also approved a capital injection into Wisdom Marine. The capital injection is subject to the issuance of new shares.

A total of 25,828 common shares are to be issued at a price of USD 1,000.

The company added that the proceeds from the offering, totaling USD 25.8 million, will be used for cash capital increase. The reason for the offering is the acquisition of new vessels, as explained by the company.

What is more, Wisdom Marine announced the extension of Adixi Wisdom’s monetary loans intended for purchasing newbuilding vessels. Namely, the company has increased the loan amount of USD 5.5 million and extended the period of the original amount of USD 12 million.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

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 >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >