Taylor Maritime Investments has concluded its plans to acquire seven secondhand Japanese-built geared handysize bulkers.
The London Stock Exchange quoted company said that the ships, which it did not name, range from 28,000 dwt to 37,000 dwt, and have been acquired for an aggregate consideration of $107.8m in cash.
Taylor Maritime said it is paying for the bulkers through the proceeds of a $75m equity issue the company undertook in July, along with its revolving credit facility, existing cash and operating cash flows.
