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

Star Bulk Carriers to buy 18 dry bulk vessels

2018-05-18 12:10:39

Star Bulk Carriers to buy 18 dry bulk vessels
www.byvalves.com
Greek dry bulk shipping company Star Bulk Carriers has signed definitive agreements to purchase 18 dry bulk vessels in two all‐share transactions.
Under the deals, Star Bulk will buy 15 vessels from Songa Bulk and three Newcastlemax vessels from Oceanbulk Container Carriers (OCC).
In order to complete the deal with Songa Bulk, Star Bulk has agreed to issue a total of 13.725 million common shares and pay $145m in cash, which will be funded through proceeds of a five-year capital lease of $180m with China Merchants Bank Leasing.
Subject to the approval of customary closing conditions and other requirements, the transaction is expected to be closed by the third quarter of this year.
Following the completion of the deal, Songa Bulk shareholders are set to own around 14.9% of the outstanding common shares of Star Bulk, among other benefits.
“Star Bulk will continue to be a consolidator in the dry bulk industry and expect that the acquisitions will provide Star Bulk with further synergies and economies of scale.”
Star Bulk CEO Petros Pappas said: “The combined Songa and OCC fleet is on average two years younger than our existing fleet with a similar fleet composition.
“Star Bulk will continue to be a consolidator in the dry bulk industry and expect that the acquisitions will provide Star Bulk with further synergies and economies of scale.”
For the deal with OCC, Star Bulk will issue an aggregate of 3.39 million of its common shares to the OCC shareholders.
The deal is subject to customary closing conditions and is scheduled to be completed by the second quarter of this year.
OCC’s three Newcastlemax dry bulk vessels are currently under construction at Shanghai Waigaoqiao Shipbuilding (SWS), with delivery planned in the first quarter of next year.