Kamor Ltd contracted to buy US$53m bulk vessel

Kamor Ltd. is an Israeli company engaged in vehicle, tire, real estate, shipping and other sectors. The cost of the vessel which was built in 2004 is known to be US$52.8m
 
Kamor Ltd. issued last week a press release indicating it had signed a purchase agreement through a Liberian subsidiary to buy a dwt 53,000 bulk vessel.
 
The cost of the vessel which was built in 2004 is known to be US$52.8m of which Kamor paid US$5.28m upon signing the purchase contract and the balance will be financed through bank loans.
 
Kamor Ltd. is an Israeli company engaged in vehicle, tire, real estate, shipping and other sectors.
 
The shipping sector comprises holdings in eight transport ships. Additionally, it holds a 39% stake in Seastar Chartering Ltd., a company that provides management and operation services to ships.
 
In the vehicle sector, the Company is a licensed dealer of various vehicles, such as four-wheel drives, cars and motorcycles. Services also include accessories and exchange parts for cars of the BMW make. It also sells BMW and Mini cars in Israel.
 
In the tire sector, Kamor Ltd. imports and markets Dunlop tires to its customers through the concession of GOODYEAR LASTIKLERIT A.S. Within the real estate sector, the Company holds a number of rights in real estate assets in Israel, as well as abroad.