CSL Americas Announces Agreement to Acquire Self-Unloading Vessels

Tuesday, November 10, 2015

CSL Americas, a division of The CSL Group Inc. (“CSL”) today announced it reached an agreement with Klaveness Selfunloaders AS, a subsidiary of Klaveness Ship Holding AS (“KSH”), to acquire the Trillium Class Panamax self-unloading vessel, MV Balto, and the Handysize self-unloader, MV Barkald.


Marbulk Shipping Limited, of which CSL is 50 percent shareholder, has also reached an agreement with KSH to purchase MV Balder, a Handysize self-unloading ship.


The three vessels are currently employed in the CSL International Pool and will continue to operate as part of this Pool upon their expected delivery in January 2016.


 “We are very excited about adding this new cargo capacity to our fleet, including the state-of-the-art MV Balto built in 2013 under CSL supervision,” said Louis Martel, President of CSL International. "Constructed according to the high performance and environmental standards of CSL’s Trillium Class, we are delighted to reunite MV Balto with her sister ships, MV Rt. Hon. Paul E. Martin, MV CSL Tacoma and MV CSL Tecumseh.”


The acquisition agreements are subject to technical due diligence on each vessel.