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Article: United States: Hail Brittania Bulk: A Broken IPO That May Come Back.

Article from:
TendersInfo
Article date:
June 26, 2008
Copyright

Byline: shiv03

Britannia Bulk Holdings, Inc. owns and operates a fleet of 5 ice-class bulk vessels, 8 bulk carriers, 4 ice-class tug boats, and 5 ice-class ocean-going barges.Ice-class vessels are those that have been certified for transportation in icy conditions, which exist in the Baltic region half of each year. DWT has contracted to purchase an additional six Panamax ice-class drybulk vessels, which are scheduled to be delivered between Jun 2009 and Sep 2010. Upon delivery of these additional vessels, DWT will increase its dry weight capacity by 72% to 1.1 million and its owned fleet will consist of 28 vessels, including 19 dry bulk vessels, 11 of which will ...

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