Badaro No.19 Ship Investment Company (the Fund) is a Korea-based investment fund company. The Fund aims to achieve capital growth and a high profit to redeem loans and distribute earnings through the acquisition, operation, investment management and charter of a single vessel. The Company invests in two bulk carriers weighing 57,000 dead weight tons (DWTs) built by Jiangsu Hantong Ship Heavy Industry Co., Ltd. The vessels are scheduled delivery dates on April 2013 and June 2013, respectively. The investment manager of the Fund is Global Marifin Finance Co.,Ltd, and the custodian company is Hana Bank.
(Source: PROSPECTUS)