Korea’s STX Pan Ocean is to set up six special purpose companies to finance newbuilding orders already placed.
The Seoul- and Singapore-listed shipowner said Wednesday in a regulatory filing that the new companies would owe debt to financial institutions, which would be guaranteed by STX to the amount of KRW402.3bn ($358m).
The period of...
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Archive for January 6th, 2011
STX Pan Ocean Explains Newbuild Financing Technique
NYK Announces Asia-Adriatic Service
We are pleased to announce that NYK will launch a new service to/from Asia into the Adriatic region via the China-Europe Shuttle service (CES) connecting over Taranto onto two Adriatic services, Adriatic Service 1 and Adriatic Service 2 (ADS1 / ADS2).
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Wilhelmsen Ships Service Acquires Nalfleet
Wilh. Wilhelmsen Holding ASA’s subsidiary, Wilhelmsen Ships Service, has signed a definitive agreement to acquire Nalfleet for USD 41 million.
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