CSL Americas: Agreement to Acquire Self-Unloading Vessels

CSL Americas, a division of The CSL Group Inc. (“CSL”) announced on November 10 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.CSL

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.

Marie-France Daoust

Marie-France Daoust is Director of Corporate Affairs at the Société de développement économique du Saint-Laurent (Sodes). With more than 15 years’ experience in entrepreneurship, 10 years in strategic management within the Quebec government and 5 years in public and government affairs, she stands out for her leadership and ability to bring people together. In her role, she is responsible for developing business growth strategy, forging strategic partnerships, and mobilizing maritime organizations around today’s major issues.