Imperial Petroleum Inc. (IMPP) to Acquire Two Product Tankers
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Imperial Petroleum Announces Agreement to Acquire Two Product Tankers
March 8, 2022 5:10 PM ESTATHENS, Greece, March 09, 2022 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the Company) announced today that it has entered into an agreement to acquire two M.R. refined petroleum product tankers, built at SLS Shipbuilding, South Korea in 2008 and at Shin Kurushima Dockyard, Japan in 2011 respectively, with an aggregate capacity of approximately 97,000 dwt, from Brave Maritime for an aggregate purchase price of about $31 million, with delivery on a charter free basis expected by end of May 2022. The Company expects to finance the purchase price with cash-on-hand and new senior secured... More
