Genco Shipping & Trading Limited · NYSE:GNK
Genco Shipping & Trading — Merger or Acquisition (June 2008)
6 slides from Genco Shipping & Trading's merger presentation, Jun 17, 2008
Slide 1: Genco Shipping & Trading Limited Acquisition Presentation
Genco Shipping & Trading Limited Acquisition Presentation June 17, 2008
Slide 2: Forward Looking Statements
Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements ar
Slide 3: Agenda
Agenda Transaction Overview Vessel Details Acquisition Vessel Payment Schedule 06/17/08 3
Slide 4: Transaction Overview
Transaction Overview Six drybulk New-building Vessels ― Three 170,500 DWT Capesize New-building vessels ― Three 32,000 DWT Handysize New-building vessels Total additional capacity of approximately 607,500 DWT Aggregate purchase price of approximately $530 million Expands fleet by 21% on a to
Slide 5: Vessel Details
Vessel Details Vessel TBN DWT Yard Built (1) Hull HN1005 Genco CS 1005 170,500 Daehan Shipbuilding Co. Ltd Q2 2009 Hull HN1006 Genco CS 1006 170,500 Daehan Shipbuilding Co. Ltd Q3 2009 Hull HN1007 Genco CS 1007 170,500 Daehan Shipbuilding Co. Ltd Q4 2009 Hull HS2031 Genco HS 2031 32,000 Jinse Shipbu
Slide 6: Acquisition Vessel Payment Schedule
Acquisition Vessel Payment Schedule (Dollars in thousands) Expected Deposit as Deposit Payment on Vessel Name Total Price Delivery (1) % of Price Payment (2) Delivery Genco Raptor Q3 2008 15% 13,800 78,200 92,000 Genco Cavalier Q3 2008 15% 11,100 62,900 74,000 Genco Thunder Q4 2008 15% 13,650 77,350
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