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

Offshore

China Asks U.S. to Support Resumption of Talks with Philippines

China's foreign minister has asked the U.S. secretary of state John Kerry to support the resumption of talks between China and the Philippines over the South China Sea,

VesselValue.com: $28.4B Worth of Ships Delivered to Date

As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that

MOL Signs Long-Term Charter with Uruguayan JV for FSRU

Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for

Finance

China Joins UN Trucking Treaty

China has taken a major step towards establishing a speedy new "Silk Road" to Europe by signing up to a U.N. trucking treaty.   Fifteen years after joining the World Trade Organization (WTO),

Bahri Q2 Net Profit Soars

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 47.2 percent increase in second-quarter net profit on Tuesday.

Gulf Petrochem Group Expands European Bunker Operations

Gulf Petrochem Group, the UAE based global bunker supplier, has announced that it is now officially offering physical bunker supply in the port of Rotterdam, out of its new office based in Dordrecht.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion 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: 0.0749 sec (13 req/sec)