Noble group acquires carrier for US$6.5m

COMMODITY trader and ship operator Noble Group has completed negotiations to acquire its third vessel, the 64,816 dwt Marianne I, for US$6.5 million.

The dwt dry bulk carrier is the group's third second-hand acquisition after going public last year.

The purchase of the vessel, built in 1974, will be financed by international resources and bank loans.

The group acquired its first vessel, the 24,000 bulk carrier Noble Empress, for $9 million in November.

The second ship, the Min Noble, was bought for $11.98 million.

All three vessels will be managed by Fleet Management, Noble's wholly owned subsidiary.