If You Can’t Find a Banker

Also, this week, OceanFreight Inc. announced that it had entered into an agreement to build three new VLOC’s of 206,000 DWT at Shanghai Waigaichao Shipbuilding. The contract price for the three vessels is $204 million, with deliveries scheduled for the 2nd and 4th quarter of 2012 and the 1st quarter of 2013.

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