Imperial Petroleum, Inc. (IMPP) has released an update.
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Imperial Petroleum Inc. is expanding its fleet with the acquisition of a product tanker and a drybulk carrier for a total of $38.85 million, with delivery slated for late 2024. The company plans to finance the vessels with its available cash reserves and has up to a year from the agreement date to complete payment. These strategic acquisitions are expected to enhance the company’s service offerings in the maritime transportation sector.
For further insights into IMPP stock, check out TipRanks’ Stock Analysis page.
