Tallink Concludes Vessel Purchases

Monday, April 10, 2006
The Board of Directors of Attica Holdings S.A. announced that it has concluded the sale and delivery of Superfast VII and Superfast VIII to AS Tallink Grupp. The sale and delivery of Superfast IX to her new owners AS Tallink Grupp is scheduled to take place on April 12. The sale price of Superfast VII and Superfast VIII stands at about $249m and the sale price of Superfast IX at 125.9m. Out of the total sale proceeds of $375m, Attica’s cash balances will increase by approximately $123m after repayment of the ships’ debt of $237m and payment of various expenses related to the transaction of approximately $13m. Attica Group will book capital gains of approximately $13m, which will appear in the Group’s second quarter 2006 results. Superfast VII and Superfast VIII served the Baltic Sea market since May 2001 while Superfast IX was redeployed to the Germany-Finland route as of November 2005. The sold vessels will retain their names and continue sailing under the Superfast livery until the end of 2007 at the latest, following an agreement with AS Tallink Grupp.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

Recent Vessel Sales - August 2015

Vessel sales for August 2015 (as of September 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age)

China Shipping Line to Buy 10 Vessels

China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.

CMES Establishes Subsidiary for Valemax

China Merchants Energy Shipping Co., Ltd (CMES), the dry and wet bulk arm of state conglomerate China Merchants Holdings (International) Company Limited, has set

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
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: 0.2769 sec (4 req/sec)