Brief: Imperial Petroleum Entered Into Agreements To Acquire Seven Japanese Built Bulkers For $129 Mln

Imperial Petroleum

20/09/2024 21:25

Sept 20 (Reuters) - Imperial Petroleum Inc  IMPP.O :
    * IMPERIAL PETROLEUM - ENTERED INTO AGREEMENTS TO ACQUIRE
SEVEN
JAPANESE BUILT BULKERS (5 SUPRAMAXES AND 2 KAMSARMAXES) FOR $129
MILLION
    * IMPERIAL PETROLEUM INC - VESSELS ARE EXPECTED TO BE
DELIVERED
BETWEEN DECEMBER 2024 AND MAY 2025
    * IMPERIAL PETROLEUM INC - EXPECTS TO FINANCE PURCHASE PRICE
FOR
EACH VESSEL WITH CASH-ON-HAND
    * IMPERIAL PETROLEUM INC - HAS OPTION TO PAY FOR VESSELS
LATEST BY
ONE YEAR FROM EACH RESPECTIVE PURCHASE AGREEMENT

Source text for Eikon:  ID:n0001193125-24-222883 
Further company coverage:  IMPP.O 

 (Reuters.Briefs@thomsonreuters.com)