TBS buys secondhand bulk carrier for $10.7 million

TBS buys secondhand bulk carrier for $10.7 million TBS International Ltd. said it has entered into an agreement to acquire the Atlantis Charm, to be renamed the Savannah Belle, a 1982 built, 22,558 dwt handysize bulk carrier.
   TBS, with main offices in Yonkers, N.Y., agreed to acquire the vessel charter free for $10.7 million with expected delivery between October and December.
   With this acquisition, as well as the previously announced acquisitions of two other vessels, TBS’s fleet will comprise 36 vessels in total, with an aggregate of 1.08 million dwt, including 20 multipurpose tweendeckers and a combination of 16 handysize and handymax bulk carriers.
   Joseph E. Royce, chief executive officer, said the company also has six 34,000 dwt multipurpose ships on order from Chinese shipyards scheduled for delivery in 2009 and 2010.