Previously, AtoB@C operated the vessel under a long-term time charter. The shipping company also owns the sister vessel of the newly acquired dry bulk carrier.
This transaction improves the availability of vessel capacity ideal for customer contracts. It is expected to have a slight positive impact on profitability, but no significant impact on the balance sheet. The acquisition has been financed by using Aspo Group's existing financial instruments.
Read the article online at: https://www.drybulkmagazine.com/shipping/06112018/atobc-shipping-acquires-dry-bulk-carrier/