---
title: "Phoenix Shipping: Plans to use no more than $60 million to purchase dry bulk carriers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/261068797.md"
description: "Phoenix Shipping announced that the company and its wholly-owned subsidiary plan to use no more than USD 60 million to purchase dry bulk carriers, with the funding sourced from its own funds. This cumulative amount accounts for 64.59% of the company's most recent audited total assets, thus constituting a significant transaction that requires submission for shareholder meeting approval"
datetime: "2025-10-14T12:35:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261068797.md)
  - [en](https://longbridge.com/en/news/261068797.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261068797.md)
generator: "portal-rs"
---

# Phoenix Shipping: Plans to use no more than $60 million to purchase dry bulk carriers

Phoenix Shipping announced that the company and its wholly-owned subsidiary plan to use no more than USD 60 million to purchase dry bulk carriers, with the funding sourced from its own funds. This cumulative amount accounts for 64.59% of the company's most recent audited total assets, thus constituting a significant transaction that requires submission for shareholder meeting approval

### Related Stocks

- [000520.CN](https://longbridge.com/en/quote/000520.CN.md)

## Related News & Research

- [Scott Bessent Brings His Hedge Fund Playbook To Treasury. The Bond Market Is Fighting Back](https://longbridge.com/en/news/296520391.md)
- [Rapala VMC: Strong H1 sales and profit growth led to upgraded full-year outlook amid ongoing trade risks](https://longbridge.com/en/news/296480810.md)
- [DIMRI: H1 2026 net profit rose to ₪495.6M on revenue of ₪780.5M, with robust liquidity and equity](https://longbridge.com/en/news/296448412.md)
- [Butler National Wins Three-Year Extension to Manage Kansas Sports Wagering, Retains 90% Revenue Share](https://longbridge.com/en/news/296516585.md)
- [Thales, Systematic partner to boost Danish air defense capabilities](https://longbridge.com/en/news/296363485.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**