date:May 13, 2014
he group is studying the potential acquisition of Panamax vessels, each with a payload capacity of 60,000 to 85,000 tons to transport PureFoods commodity requirements coming from the US like wheat and soya.
At PureFoods annual consumption of about two million tons of wheat and soya imports, Ang said having its own cargo fleet would mean about $10 million a year in savings.
If and when the group buys vessels to transport commodity requirements, he said the cost of around $50 million per unit co