|JACCAR ventures into gas and dry bulk through Greenship Holdings|
|Thursday, 29 March 2012 12:48|
Greenship Holdings, a fully owned Singapore subsidiary of JACCAR Holdings, has established two separate entities to expand into ship-owning and operating activities in the gas and dry bulk sectors.
Greenship Holdings is aiming to own and operate advanced, fuel-efficient and environmentally friendly vessels. Its original commitment, totalling 30 vessels in the gas and dry bulk sectors with a total investment of around $900 M, has a secured financing structure and will go into operation in full within the next two years.
Greenship Bulk made a well-timed investment in a first series of eight new generation Ultramax 63 ton deadweight ships. They were built in Yangzhou Dayang Shipyard, with environmentally friendly features and low consumption parameters under the direct supervision of SETAF‚Äôs technical team. The first of these vessels ‚ÄėJS Amazon‚Äô was successfully delivered on 1st March 2012 and the second ship ‚ÄėJS Colorado‚Äô will be delivered by the end of March 2012. Greenship Bulk will continue to wisely invest in the dry bulk carrier segment, with deep technical and commercial involvement of its team to help ensure success in these ventures.
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