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Nautical Bulk Holding Ltd. announces capitalization
Nautical Bulk Holdings Limited, a newly formed Bermuda-based dry bulk shipping company,announced today that it has raised in excess of $100 million of equity capital to fund the construction of eight ultramax, eco-friendly vessels under construction by Jiangsu Hantong Ship Heavy Industry, a leading Chinese shipyard. WL Ross & Co. / Fearnley Advisors AS, Solus Alternative Asset Management LP and the CONTI Group are providing the equity capital to launch the company.
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