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 July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

Star Bulk to Acquire 34 Drybulk Vessels

Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million

Incat Crowther Launches Ferries for Sydney

Incat Crowther announced the launch of Mary Reibey and Annabelle Rankin, the second and third in a series of 24m catamaran passenger ferries for Captain Cook Cruises.

"Bhagwan Pride" Arrives at Bhwagwan Marine

Two months post-contract signing, Australia’s Bhagwan Marine received the delivery of Damen ASD 2310.   The tug, named Bhagwan Pride, will begin her duties with

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.0717 sec (14 req/sec)