Tallink Seeks to Raise $230 M

Tuesday, November 22, 2005
Tallink Grupp plans to raise as much as $236 million in an initial public offering to finance buying three new vessels, says a recent Bloomberg report. Tallink will offer as many as 34.09 million shares to investors at between $5.51 and $6.89 apiece. The company's ferries and cargo ships handled more than 3.2 million passengers and about 130,000 cars, buses and trucks in the 12 months ending Aug. 31, according to the report. It's adding new ships to its fleet, which currently offers mini-cruises, passenger transport and vehicle shipments on routes between Finland and Estonia and between Sweden and Estonia. Tallink also owns a 350-room hotel in Tallinn. The shares will start trading on the Tallinn stock exchange on Dec 9. Of the shares being offered, 26.5 million are new and 7.59 million are being sold on behalf of existing shareholders. Investors have until Dec. 1 to sign up for the shares. Source: Bloomberg

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Norwegian Unions Say 755 O&G Workers Could Strike

About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline,

POSH Bags Shell FLNG Contract

Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

Finance

Baltic Index Rises for Fifth Consecutive Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday for a fifth straight session on stronger demand across all vessel segments.

Hanjin to Return 38 Vessels Next Year

Hanjin Shipping is planning to return a total of 38 chartered vessels once their contracts end as part of its restructuring efforts, reports the Korea Herald. A

Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year,

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction 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: 0.0813 sec (12 req/sec)