CP Ships Completes Credit Facility

Thursday, December 20, 2001
CP Ships today signed the first part of the US$ 350 million secured five year revolving credit facility announced on December 12. Of the $350 million, $250 million has been placed with eight major banks with extensive experience of lending to the shipping industry. The remaining $100 million is expected to be placed by Citibank NA, the lead arranger, during the first quarter 2002. The facility will be used primarily to finance CP Ships' previously announced $800 million ship investment program. CP Ships also has in place a secured $175 million revolving credit facility, which became effective on August 2, 2001.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Canal Project Slows Panama Economy Growth

Panama's economy expanded in May at its slowest pace since 2009 as major public works projects, including an expansion of the Panama Canal, slowed or wrapped up,

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0756 sec (13 req/sec)