As at 31 December 2015, the Group had vessel commitments of US$273.8 million. These vessels are scheduled to deliver to the Group between April 2016 and April 2017.
These commitments, along with future potential vessel acquisitions, will be financed by a combination of cash generated by the Group’s operations, existing cash and committed long-term borrowings
|US$ Million||Number |
|Contracted and authorised commitments|
|Planned drawdown of committed |
Japanese export credit facilities
At 31 December 2015, the Group had options to purchase 11 Handysize, 3 Supramax and 1 Post-Panamax vessels at predetermined times and prices during the period of their leases. These options are not expected to be exercised under the current market conditions.