Green Marine
TORM Restructures
Danish shipping company TORM has wrapped up its comprehensive restructuring process, recapitalizing its balance sheet, by reducing the existing debt worth up to USD 561 million. The restructuring was carried out by way of a lender debt writedown to current asset values against the issuance of warran
TORM Restructures
Danish shipping company TORM has wrapped up its comprehensive restructuring process, recapitalizing its balance sheet, by reducing the existing debt worth up to USD 561 million. The restructuring was carried out by way of a lender debt writedown to current asset values against the issuance of warran
Diana Finds Work for Panamax Duo
NYSE-listed dry bulk specialist Diana Shipping Inc. has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamaxes – the m/v Naias, as well as with Norden A/S, Copenhagen, for another of its Panamax bulkers – the m/v Thetis. The gross charter rate for the
Diana Finds Work for Panamax Duo
NYSE-listed dry bulk specialist Diana Shipping Inc. has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamaxes – the m/v Naias, as well as with Norden A/S, Copenhagen, for another of its Panamax bulkers – the m/v Thetis. The gross charter rate for the
Helsinki and Tallinn Land EU Funds for TWIN-PORT II Project
The Baltic Sea ports of Helsinki and Tallinn have received EUR 29.3 million from the European Union for their jointly developed TWIN-PORT II project to improve the infrastructure and the maritime links between the two ports. The Port of Helsinki together with the Port of Tallinn and AS Tallink Grupp
Helsinki and Tallinn Land EU Funds for TWIN-PORT II Project
The Baltic Sea ports of Helsinki and Tallinn have received EUR 29.3 million from the European Union for their jointly developed TWIN-PORT II project to improve the infrastructure and the maritime links between the two ports. The Port of Helsinki together with the Port of Tallinn and AS Tallink Grupp
Delivery of TIL’s Suezmaxes Delayed
Oslo-listed Tanker Investments Ltd said that the deliveries of the six second-hand Suezmax tankers purchased in December 2014 have been pushed back for early third quarter of 2015 instead of the first half of the year. The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed
Delivery of TIL’s Suezmaxes Delayed
Oslo-listed Tanker Investments Ltd said that the deliveries of the six second-hand Suezmax tankers purchased in December 2014 have been pushed back for early third quarter of 2015 instead of the first half of the year. The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed
Drewry: Ship Utilisation Hit by Overcapacity
The average containership load factor across the main headhaul East-West trade routes, adjusted for void sailings, was 86%, down from 90% in the previous quarter and from 89% a year ago, Drewry’s updated first-quarter 2015 data shows. The drop comes on the back of a rather bleak picture for containe
Drewry: Ship Utilisation Hit by Overcapacity
The average containership load factor across the main headhaul East-West trade routes, adjusted for void sailings, was 86%, down from 90% in the previous quarter and from 89% a year ago, Drewry’s updated first-quarter 2015 data shows. The drop comes on the back of a rather bleak picture for containe
Dublin Port Clears Hurdle for Major Redevelopment Plan
Ireland’s governmental planning body An Bord Pleanála has granted permission for the Alexandra Basin Redevelopment (ABR) Project which is to transform Dublin Port’s infrastructure by enabling it to handle larger ships. The project, the largest single infrastructure development project in the port’s
Dublin Port Clears Hurdle for Major Redevelopment Plan
Ireland’s governmental planning body An Bord Pleanála has granted permission for the Alexandra Basin Redevelopment (ABR) Project which is to transform Dublin Port’s infrastructure by enabling it to handle larger ships. The project, the largest single infrastructure development project in the port’s
Maersk Ready to Go After Two Largest Greek Ports
Denmark’s A.P. Moeller-Maersk A/S will participate in the bidding process for two of the largest Greek ports – Piraeus and Thessaloniki – after the country’s Prime Minister Alexis Tsipras brought the sale of the ports on the table in today’s bailout proposal, Bloomberg reports. The Syriza government
Maersk Ready to Go After Two Largest Greek Ports
Denmark’s A.P. Moeller-Maersk A/S will participate in the bidding process for two of the largest Greek ports – Piraeus and Thessaloniki – after the country’s Prime Minister Alexis Tsipras brought the sale of the ports on the table in today’s bailout proposal, Bloomberg reports. The Syriza government