Pankaj Khanna met with potential investors in Manhattan this week during a road show that set the stage for a fundraiser in which the Singapore-based bulker owner hopes to raise upwards of $250m, reputable market sources told TradeWinds Friday.
If the initiative proves successful industry observers believe there’s a strong chance that the operator will use the proceeds to expand its newbuilding backlog, which at last check included ten firm orders for handysize bulkers and an identical number of options.
It
