Core Viewpoint - The company, Intercontinental Shipping (02409), has announced an agreement for the sale of a bulk carrier to Dexter Navigation Ltd for a maximum price of $26.7 million, aligning with its strategy to optimize its fleet composition [1] Group 1: Sale Agreement Details - The seller, Seacon Shanghai Ltd, a wholly-owned subsidiary of the company, has entered into an agreement with the buyer, Dexter Navigation Ltd, for the sale of a bulk carrier built in 2019 with a total tonnage of 44,038 tons [1] - The vessel is currently leased to the seller by Tai Ping 19 (Tianjin) Shipping Leasing Co., Ltd. under a bareboat charter [1] - The seller intends to exercise a purchase option to acquire the vessel before the delivery date, which will then be further delivered to the buyer as per the agreement [1] Group 2: Strategic Implications - The sale and the exercise of the purchase option are in line with the group's ongoing strategy to maintain a balanced fleet composition and optimize its shipping assets [1] - The board believes that this sale represents an opportunity to sell the vessel at a reasonable price, which will improve the group's working capital position and enhance liquidity [1] - The funds from this transaction will be used to finance the acquisition of new vessels, further optimizing the group's fleet composition [1] - The company will continue to monitor the current market conditions in the shipping industry and adjust its fleet composition as necessary [1]
洲际船务拟最高2670万美元出售一艘散货船