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Marine Freight & Logistics

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Jinhui Shipping and Transportation: Sale of Handymax

Monday, 26 Sep 2016 01:15am EDT

Jinhui Shipping and Transportation Ltd :Said on Sunday it's wholly-owned subsidiary had on Sept. 24 entered into memorandum of agreement for sale of Handymax at consideration of $12.8 million.

Jinhui Shipping and Transportation: Sale of Handymax

Sunday, 25 Sep 2016 05:59am EDT

Jinhui Shipping and Transportation Ltd :Said on Sunday it's wholly-owned subsidiary had on Sept. 24 entered into memorandum of agreement for sale of Handymax at consideration of $12.8 million.

Dryships sells 2002 built Panamax drybulk carrier MV Oregon

Thursday, 22 Sep 2016 05:05pm EDT

Dryships Inc: Sold 2002 built Panamax drybulk carrier MV Oregon .Current outstanding balance under company's senior secured revolving facility agreement has been increased to $10.8 million.

Rickmers Maritime updates on proposed issue of new units

Wednesday, 21 Sep 2016 08:43pm EDT

Rickmers Maritime: 1.32 billion new units are to be issued, representing 150% of current number of units outstanding of trust . Proposal, if accepted, it would make way for a new facility of about US$260.2 million . Seeks to amend notes with partial redemption of S$60 million of the principal in exchange for 60% of the enlarged units of the trust . Intends to seek approval of noteholders to amend notes with partial redemption of S$60 million of principal . Seeks to reduce outstanding principal amount under the notes to aggregate of S$40 million repayable in November 2023 . Announced a revised restructuring plan in relation to S$100 million 8.45% notes due 2017 . Intends to seek approval of noteholders via a consent solicitation exercise to amend notes .Proposal, if accepted, it would extends maturities of a large part of trust's secured bank debts to Q1 of 2021.

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