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Tag: shipping company


Shipping

Navios Acquisition Repays USD 196.8 Mn of Debt

October 22, 2019

Via: World Maritime News

The company said that the outstanding balance of the Term Loan B was USD 196.8 million at June 30, 2019 and was repayable in June 2020. Navios Acquisition funded the repayment with USD 153 million of financing through sale-and-leaseback transactions. […]


Shipping

Product Tanker, Ocean Self-Unloader Segments Boost Algoma’s Earnings

August 9, 2019

Via: World Maritime News

Algoma’s net earnings rose to CAD 22.1 million (USD 16.7 million) in Q2 2019 from CAD 14.4 million (USD 10.9 million) seen in the corresponding period a year earlier. As explained, profit was higher as a result of a rise […]


Shipping

Golden Ocean Agrees Refinancing amid Weaker Markets

May 22, 2019

Via: World Maritime News

During the second quarter of 2019, John Fredriksen’s company entered into two new credit facilities, one for USD 93.7 million and one for USD 131.8 million, to refinance its obligations under the three non-recourse loan facilities which financed the 14 […]


Shipping

Pacific Basin Boasts Vessel Earnings Hike

October 11, 2018

Via: World Maritime News

Handysize and Supramax daily time-charter equivalent (TCE) earnings were USD 10,080 and USD 12,180 per day net respectively in the third quarter, representing an improvement of 24% and 30% year-on-year. The company further added that year-to-date average Handysize and Supramax […]


Shipping

Pacific Basin Acquires Ship Quartet

May 14, 2018

Via: World Maritime News

On May 14, 2018, PB Vessels Holding Limited, a subsidiary of the company, entered into four separate ship contracts for the purchase of vessels. Bulkers in question are a 58,000 dwt Supramax built in 2010, a 64,000 dwt Supramax resale […]