October 22, 2019
Via: World Maritime NewsThe 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. […]
August 9, 2019
Via: World Maritime NewsAlgoma’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 […]
May 22, 2019
Via: World Maritime NewsDuring 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 […]
October 11, 2018
Via: World Maritime NewsHandysize 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 […]
May 14, 2018
Via: World Maritime NewsOn 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 […]