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committed Considering established to with and favorable opportunities. relationships, pursuing resources, sectors lending the for along investment prospects capital existing value-enhancing our both actively remain we
purchase in to additional has million of of investing authorized further fleet expand sister-ship the in $X Also, Asteri. decided of our the have our by of an a common Konkar market. shares the We our board open acquisition
X% shares, of million XXXX. float represent acquire about to company which XXX,XXX Over year, at the the $X.X past public has outstanding spent over May
A Convertible the we Series for June. of the announced just shares outstanding redemption approximately In XX% have of scheduled addition, Preferred
our on information for X activities. Slide and existing to employment fleet flip Please
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our vessels which X the next As Venture. for under period working our special charters, years in be revenues optimize is in of fleet with are named to youngest spot capital. average time The will you vessel Notably, and of occur are Asteri can to The the fixed below Pyxis our X.X a short-term us vessels see, the operate over at year time next averages defined the industry the MRXs with Konkar and surveys years bulkers. scheduled our which X.X attractive latest and acquisition, our age of Lamda, Konkar market. for provide continues our the
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current the the of consideration. $X.X purchase agreed to price have of I of million sellers in company as of at restricted part premium to shares receive a one vessel, priced share the the the common As
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fleet, Venture, in MRs agreed sign remaining have unanimously new a conditions, The was the that our closing we interest minority further completed XXXX. in X X is anticipated ship owning subsidiary. X reinvest be the of the Eco acquisition vessels for is bulkers. balanced which by Afterwards, to will It subject independent of the transaction Konkar XX% will of cash June and company, company's customary have fleet in in I $X.X the million the a approved directors. to commitment As to
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war Israeli-Hamas conflict have recently, impact sailing lengthen charter see the Russian-Ukraine helped and more of can boost businesses you and As on ton-mile. X, Slide the ongoing rates, expand
of However, only events these black types uncertainty. market to swan add
book of pickup combination for move construction conditions available the note and factor plus an and the last new or backlogs, to later. or a in to of to continued robust the Let's chartering Slide and in years on positive outlook by orders is X at significant resulted have X. build significant to for the owners years The important since XXX X.X% tankers vessels of the Asian manageable broking of XXXX of at fleet around XX.X% year. older. the in unpredictable many with age vessels X.X% delivery to MRX XX deliveries the construction of for to start that global deliveries number XXX until a global new product schedule. According fleet May scheduled MRX slots half be or stood or second last the order Due XXXX. of [indiscernible] a continue It Delays month at book of yards exceeding for has don't
scrapping major to to Overall, with this were fleet estimate with older the continue occur next a for Given the above years, declining in XXXX. only number, net large of vessels, growth X combined market, X should MRs operating year. X% over strong this we MRX be economics but demolished
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to quickly sector. I touch some on bulk for dry like the Now would updates
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should class Kamsarmax estimated of fleet, [indiscernible] bulk To vessels, look book or the higher for of vessels Panamax picture the XXX significantly Recently, fair which extent, the dry mousetrapping. XXX or more, fleet the percentage, carriers, this include carriers is supply the order vessel stood XX.X% was global a XX.X% highly global which book of for manageable. XX.X% beginning eventually at or XX versatile lead class. of years the At Ultramax of to the fleet units of of May, order global the age
results who I Henry discuss to financial would point, in the like greater this Chief to Financial our our detail. At will Williams, Officer, turn over call
