World Maritime News – Page 95

2020 Bulkers, Koch Extend Charters for Two Ships

The company’s Bulk Santiago and Bulk Seoul will continue working for Koch for another 11-13 months.

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The company delivered strong free cash flow and a return on invested capital of 6.4%, according to Maersk CEO.

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Net proceeds from the bonds will be used for general corporate purposes and prepayment of debt.

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The parties would invest in a bio-refinery to produce an advanced marine biofuel based on pyrolysis oil.

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The vessels are comprised of three 10,700 TEU units, two 9,200 TEU ships and one 9,200 TEU vessel.

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