Star To Raise Funds Via Shares Issue

Monday, May 22, 2000
Malaysia's Star Cruises said it was seeking to issue 200 million new shares to finance its acquisition of the Norwegian shipping group NCL Holding ASA. The issue of new shares, pending approval from Star's shareholders, represented 32 percent of the company's existing share capital, it said. Star had also arranged a five-year medium loan of $600 million, which would also go to financing the NCL acquisition and Star's future expansions, it said. The new issues may be in the form of new ordinary shares of Star Cruises or equity-linked securities and would be issued over a period of time, the company said.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Höegh Names SSL as its Agent in Finland

Höegh Autoliners appointed Scandinavian Shipping & Logistics, which has already worked with the Norwegian ocean carrier in Sweden and Norway for several years, as its agent in Finland, effective Dec.

Historic Pacific Trade Deal Faces Skeptics in US Congress

Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world's economy in a deal that faces skepticism from U.

US Orders EPA to Rewrite Ship Ballast Water Dumping Rules

A federal appeals court in New York ordered the government to rewrite its rules regulating the discharge of ballast water by ships, in a victory for environmental

Cruise Ship Trends

Abu Dhabi Ports Welcomes New Cruise Season

As Abu Dhabi's new Zayed Port cruise terminal opens by the end of this year, the number of cruise ships docking in Abu Dhabi is set to increase by a fifth this season, reports the National.

Cruise Critic Awards Best Cruise Lines of 2015

Online cruise guide Cruise Critic has announced the winners of its annual Editors' Picks Awards for 2015, revealing the industry's top performers in a variety of different categories.

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017.

Maritime Contracts Maritime Security Maritime Standards Port Authority Salvage 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: 0.1080 sec (9 req/sec)