Search results for: acquisition

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  • 13 January 2016
    Business & Finance

    COSCO Shipyard Engineering Service (Dalian), a subsidiary of COSCO Shipyard Group, has entered into a deal to acquire the entire registered capital of COSCO (Xiamen) Shipyard. Pursuant to agreement, CSES will acquire a 51% interest in COSCO Xiamen from CSG and the remaining 49% interest from Xiamen Ocean Shipping, a subsidiary of China Ocean Shipping (Group). […]

  • 21 April 2016
    Business & Finance

    Owner and operator of tanker vessels Navios Maritime Acquisition Corporation has entered into charter deals for three of its product tankers at 14% higher average charter rates. The company’s Nave Equator, an MR2 product tanker, has been chartered to an undisclosed party for 18 months at USD 17,000 per day. The 2009-built ship is expected to generate USD […]

  • 19 August 2016
    Business & Finance

    Owner and operator of tanker vessels Navios Maritime Acquisition Corporation has reported its net income for the second quarter of 2016 at USD 12.2 million, representing a drop of USD 14.2 million compared to USD 26.4 million seen in the same quarter in 2015. The company said that the drop was mainly attributed to a decrease of USD 15.2 […]

  • 6 December 2007

    Energy Infrastructure Acquisition Corp. today announced that it has entered into a definitive agreement pursuant to which it has agreed to purchase, through a newly-formed, wholly-owned subsidiary, Energy Infrastructure Merger Corporation, a Marshall Islands corporation, nine very large crude carriers (VLCCs) from Vanship Holdings Limited, a Liberian corporation.

  • 22 October 2019
    Business & Finance

    With sale-and-leaseback, commercial bank debt and cash, the company extended debt maturities through 2027.

  • 21 October 2019
    Business & Finance

    The company would use the funds for general corporate purposes.

  • 16 May 2017
    Business & Finance

    NYSE-listed owner and operator of tankers Navios Maritime Acquisition has seen its net income drop by 18 percent to USD 5.6 million in the first quarter of the year from USD 23.7 million reported a year earlier. The lower new income was due to a USD 20.4 million decrease in EBITDA and a USD 0.2 million […]

  • 11 February 2016
    Business & Finance

    As 2015 was a strong year for the tanker shipping market, the Monaco-based owner and operator of tanker vessels Navios Maritime Acquisition Corporation said that its full year net income skyrocketed to USD 89.7 million from USD 13 million reported in 2014. The fourth quarter of 2015 turned out to be a bit slower than a year before as […]

  • 3 December 2012
    Business & Finance

      International Shipholding Corporation announced the successful closing of the previously announced acquisition of U.S. United Ocean Services, LLC (“UOS”), a provider of marine transportation services for dry bulk and break-bulk commodities in the United States. The acquisition was completed for a total purchase price of $111 million cash and is expected to be immediately […]