Euronav NV Implements Tanklog Transaction

Wednesday, June 29, 2005
Euronav NV completed the first tranche of the implementation of the Tanklog transaction. Five newbuilding contracts and two bareboat time charter contracts were novated to Euronav in exchange for a cash payment and a capital increase by means of a contribution in kind by which a total of 1,534,310 new shares were issued to companies related to Tanklog Shipholdings Ltd. The new shares will be listed on Euronext as from June 30, 2005. The five newbuild contracts are for the construction of five ice-class Suezmax tankers to be built by Samsung Heavy Industries in Korea for delivery in 2006 and 2007. The two bareboat charter contracts are for two Aframax tankers, the Fidelity and the Fantasy, which are currently under long term contractual arrangements with major independent U.S. refiners.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

XPO Acquires Port Trucker Bridge Terminal

XPO Logistics has made a deal to acquire Bridge Terminal Transport (BTT) Services, one of the largest motor carriers serving ports and intermodal facilities in the United States, for $100 million.

Baltic Trading Reports Loss

Baltic Trading Limited, a Marshall Islands company formed by Genco Shipping & Trading Limited, reported a loss of $42.4 million in its first quarter.   The New

Cosco Corp Profit Down

Cosco Corporation (Singapore) Limited, offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping group, has posted a net profit of SGD4.

Coatings & Corrosion

Jotun Reports Boosted Interest in Mesh-Free PFP Coating

Jotachar JF750, the mesh-free Passive Fire Protection (PFP) for all jet fire scenarios, an epoxy coating system for structural steel, has generated industry interest,

Videotel Training Film Wins Media Award

Videotel, the international provider of e-Learning maritime training solutions and a company of KVH Industries, Inc., has received a Golden Reel Award from the

Tank Coating for Navig8 Chem Carriers

Shipowner Navig8 is progressing the application of Interline9001, a advanced cargo tank coating from AkzoNobel’s International marine product range, on a series

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1621 sec (6 req/sec)