DGAP-News: Vilmaris GmbH&Co. KGaA : Vilmaris gathers way - Hamburg based shipping investment company takes over bulk vessel 'VIL Atlantic'
(firmenpresse) - Vilmaris GmbH&Co. KGaA / Miscellaneous
20.05.2010 07:55
Dissemination of a Corporate News, transmitted by
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Hamburg, 20 May 2010 - Hamburg based shipping investment company Vilmaris
GmbH&Co. KGaA realized its first investment through acquisition of the
'VIL Atlantic', and took over the ship in Quingdao, China on May 18, 2010.
'VIL Atlantic' is a handysize dry bulk vessel with a deadweight capacity of
37.000 tons. The vessel's specification matches highest technical standards
and even exceeds the handysize segment's average norm. The vessel is double
skinned and its modern machinery is efficiently operated with fuel
comprising low sulphur rates. As such it meets all current environmental
standards as well as those in planning. The ship was built in 2010 by
Jiangsu Eastern Shipyard in China. Vilmaris acquired the ship for US$ 26.2
million from Pancoast Trading S.A., Greece. This represents a very
favourable price in comparison to market level, as new build resale prices
of standard handysize vessels meanwhile denote an average of about US$ 29
million (as of May 2010). The company was able to already secure a first
employment for the ship: It is chartered out to Pancoast Trading S.A. for
US$ 14.000 per day for 36 months. 'The purchase of the VIL Atlantic has
been our first step towards a stable cashflow at favourable charter rates,'
emphasizes Roland Höger, Managing Director of Vilmaris. 'In comparison to
charter rate and purchase price developments in other shipping segments,
the handysize market presently offers favourable investment conditions.
Despite the financial crisis, the handysize segment remained relatively
stable throughout the last year and the demand for bulk carriers within the
10.000 to 39.000 tdw segment has increased significantly by now,' Höger
continues. 'Due to our longstanding expertise and favourable market
perspectives, Vilmaris managed to secure the vessel's financing, despite
the currently difficult environment.'
In addition to the increasing demand, the versatility of handysize dry bulk
vessels constitutes another positive investment factor: The transportation
of different commodities like crop, sugar, coal or cement, provides
independency from single goods. Further attractive factors in comparison
are the charter rates, which denote a low volatility, a rather small order
book and the segment's high average age. Approximately 39 percent of the
fleet is older than 25 years and offers a high demolition potential.
Vilmaris is listed on the Hamburg Stock Exchange since June 2009 and is
focused on purchasing and chartering out container and dry bulk ships in
the medium tonnage range. The company's aim is to develop a diversified
portfolio. By means of active portfolio-management Vilmaris will invest
according to latest market developments and - as done in the case of 'VIL
Atlantic' - will seize opportunities arising from cyclical shipping markets
and through dynamic price developments. Until mid 2011, Vilmaris' fleet is
supposed to consist of six to seven vessels.
About Vilmaris
Vilmaris GmbH&Co. KGaA (ISIN DE000A0RAK01) is a Hamburg-based shipping
investment company that will specialise predominantly in the container and
bulk carrier segments. Vilmaris was established as a commercial partnership
limited by shares by Komrowski Befrachtungskontor KG in February 2009.
Being a young company, Vilmaris will benefit from the long-standing
experience of its strategic partners, Montan Alternative Investment and the
Komrowski Group. The company plans to sell and charter out merchant ships
in the medium tonnage range in the described segments. This way, the
company will build a diversified portfolio until mid 2011. For more
information, visit www.vilmaris.de
Company contact:
Christoph Tomforde
Vilmaris Management GmbH
Phone: +49 40 32 903 380
Email: ir(at)vilmaris.de
Press contact:
Christina Siebels
HOSCHKE&CONSORTEN Public Relations GmbH
Phone: +49 40 36 90 50-58
Email: c.siebels(at)hoschke.de
20.05.2010 07:55 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Vilmaris GmbH&Co. KGaA
Kattrepel 2 'Montanhof'
20095 Hamburg
Deutschland
Phone: +49 (0)40 32903-380
Fax: +49 (0)40 32903-424
E-mail: ir(at)vilmaris.de
Internet: www.vilmaris.de
ISIN: DE000A0RAK01
WKN: A0RAK0
Listed: Regulierter Markt in Hamburg
End of News DGAP News-Service
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Datum: 20.05.2010 - 07:55 Uhr
Sprache: Deutsch
News-ID 21193
Anzahl Zeichen: 0
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Kategorie:
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