TBS International takes delivery of fifth ‘Roymar Class’ tweendeckers

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February 23, 2011

TBS International announced today that it has taken delivery of the newly-constructed vessel M/V Comanche Maiden from China Communications Construction Company/Nantong Yahua Shipbuilding Group.

The M/V Comanche Maiden is the fifth in a series of six “Roymar Class” 34,000 dwt multipurpose tweendecker vessels that the Company ordered at a purchase price of $35.4 million per vessel. This vessel, like her sister ships, has box-shaped holds, open hatches and fully retractable hydraulic tweendecks, is geared with 35 and 40 ton cranes combinable up to 80 tons, and has a modern fuel-efficient engine enabling the vessel to operate effectively at 15 knots.

TBS expects to take delivery of the remaining vessel in the second quarter of 2011, and has in place the requisite bank financing for this vessel.

With the delivery of the M/V Comanche Maiden, TBS’s current fleet expands to 51 vessels with an aggregate of 1.55 million dwt, consisting of 29 tweendeckers and 22 handymax/ handysize bulk carriers.

Joseph E. Royce, Chairman, Chief Executive Officer and President, commented: “We are pleased to add the M/V Comanche Maiden to our operating fleet, thereby expanding our operational fleet to a total of 51 vessels. The delivery of this modern tweendecker vessel is in line with our goal to modernize our fleet. We continue to focus on delivering a quality service to our customers.

“The TBS Five-Star Service consisting of Ocean Transportation, Projects, Operations, Port Services, and Strategic Planning addresses the various transportation needs of our customers and the addition to our fleet of these newly built Roymar Class Multipurpose Tweendecker vessels optimizes our operational capabilities.”

<span style=”color: #888888;”><em>Source: TBS International. Pictured: Roymar Class M/V Rockaway Belle courtesy TBS International</em></span>

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