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Drybulk shipping company Britannia Bulk Holdings files for IPO

June 5, 2008

Britannia Bulk Holdings, an international provider of drybulk shipping and maritime logistics services, filed with the SEC for an IPO on Wednesday. The London-based company has a diversified fleet of 22 vessels and plans to offer 8.3 million shares at a range of $17-$19. Goldman Sachs and Banc of America are the lead underwriters on the deal, which is expected to price during the week of June 16th.