WHAT WE DO?

Our mainly products were globe valve,angle valve,gate valve,SDNR valve,check valve,hose valve,storm valve,butterfly valve,air vent head,strainer tec, according to DIN,JIS,ANSI,API,BS,GB,CB,CBM,AS standard. Material is including cast iron,ductile iron,cast steel,cast bronze,forged brass,stainless steel,forge steel,and can be extensively used in marine,petroleum,chemical, metallurgical,electric power,architectural,agriculture field.

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WHAT WE DO?

OUR VALVE PACKING

We have our own packing worshop and workman to tailored packages according to the product.All of our valves were packing carefully by plywood cases,to avoid damage when transportation by air,by sea,or by courier.

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OUR VALVE PACKING

OUR STORAGE

Our warehouse area was more than 2000 square meters with large ex-stock valves including gate valves,globe valves,butterfly valves ,bronze vavles and air vent head,to meet the demand of customer's spot requirement.This make us save the time to prepare order and provide the customer faster delivery.

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OUR STORAGE

PRODUCT PROCESSING

We have more than 120 product processing staffs,including 24 senior engineers&12 R&D engineers,Moreover,We have well-working machining equipments and inpsection equipments for vavles.That make sure we could processing the high-quality valves.

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PRODUCT PROCESSING

Goodbulk to acquire up to 13 Capesize dry bulk carriers

2017-10-30 13:12:41

Goodbulk to acquire up to 13 Capesize dry bulk carriers

Monaco-based GoodBulk has signed a deal to purchase seven to 13 Capesize dry bulk carriers from entities managed by CarVal Investors.

The vessels are expected to be delivered between the final quarter of this year and the first quarter of 2018.

The agreement will see CarVal Investors receive up to 10.5 million common GoodBulk shares for an initial consignment of seven vessels.

A total of $61m of existing borrowings are also expected to be refinanced under existing and new GoodBulk credit facilities.

GoodBulk will be able to take control of a fleet of 19 ships upon completion of the deal, including 16 Capesize, one Panamax and two Supramax vessels.

"With a significant share component priced at a premium to net asset value (NAV), this transaction underscores the value of the GoodBulk platform."

The company will also have an option to acquire up to six more Capesize vessels as part of the new arrangement.

GoodBulk chairman and CEO John Michael Radziwill said: “Not only does this transaction provide GoodBulk’s shareholders with increased Capesize exposure at what we believe to be an opportune time in a recovering market, it is expected to be immediately accretive to Net Asset Value per share, while reducing the company’s normalised break even cost by ship ownership day and reducing the average fleet age by approximately 1.4 years.

“Furthermore, with a significant share component priced at a premium to net asset value (NAV), this transaction underscores the value of the GoodBulk platform.”

The CarVal Investors are expected to be largest shareholder of GoodBulk following the finalisation of the deal.

CarVal Investors’ principal Gregory Belonogoff will join GoodBulk’s board of directors as a result of the purchase, and an independent director will be elected by the GoodBulk shareholders, thereby increasing the size of the company’s board by two members.

Image: A GoodBulk vessel. Photo: courtesy of GoodBulk.