PDZ pays $7m for boxship

Keith Wallis - Wednesday 10 March 2010

MALAYSIAN feeder company PDZ Holdings has paid $6.9m to acquire the 1998-built, 560 teu boxship Grand Ocean from Panama’s Ocean Transit Carrier, which is linked to Japanese owner Central Marine.
The vessel is expected to be delivered between March 31 and April 20.
The Kuala Lumpur-listed operator said the vessel acquisition would be financed ...

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