Simultaneously with the acquisition of the Delphis fleet, CMB will acquire the stake of the Hong Kong partner in the seven joint-venture vessels.
The overall consideration for both transactions amounts to US$2.2M and is based on the current market value of the vessels and of the time charter contracts.
The transactions are subject to certain approvals, including the consent of the financing banks. CMB expects to be able to close the transactions early in 2015.
Early in December, CMB ordered two new 2,000 TEU 1A ice-classed container vessels from Hanjin Heavy Industries and Construction (HHIC). These vessels will reportedly be the largest ships that are able to navigate the Kiel Canal and they will have an ultra eco design. Delivery is scheduled for May and June of 2016.
Taking advantage of extremely low second-hand prices the group acquired two Panamax container ships at the beginning of December. The two units of 4,100 TEU were built in Korea at HHIC in 2004 and 2006. These vessels are scheduled to join the CMB fleet during Q1 2015.