Current Funds

Dongbuka

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Dongbuka No.29 Ship Investment Company

Name
Dongbuka No.29 Ship Investment Company
Classification
Paper company in possession of one vessel
Establishment
6th February, 2006
Promoter
Korea Marine Finance Corporation
Public Offering
11th and 12th April, 2006
Underwriter
Good morning Shinhan Securities, Daewoo Securities, Tong Yang Investment Bank, Korea Investment & Securities, Hyundai Securities
Duration
Approx. 5 years

* potential extra gain or loss depends on selling price of vessel

Target Asset
Suezmax class, Second-hand Crude oil Carrier (Built in HHI)
Acquisition Price
$48,000,000
Structure
  • 1. Equity: $9,600,000 (23% of purchase price, Fortis Bank)
  • 2. Debt: $33,600,000 (70% of purchase price)
  • 3. Seller’s credit: $4,800,000 (10% of purchase price, Top Tankers Inc.)
Listing
Korea Exchange listed
Consignment Agreement
  • 1. Ship Investment Management Company: KOMARF
  • 2. Custody Company: Korea Development Bank
Ship Management
Top Ships Inc.