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CMA Shipping 2011

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Talk of the Town – A Market View

While in Oslo the week before last, the deal on everyone’s lips was the Golden Close Maritime Corp.’s $460 million senior secured bond offering to finance the Deepsea Metro I, a drillship capable of drilling in water depths of 10,000 feet. Scheduled for delivery on May 2011, the vessel is being constructed in Hyundai Heavy Industries at a contract price of $668.39 million with an all-in delivered cost of approximately $800 million.

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