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Jeffrey Pribor News

03 Feb 2020

International Seaways Signs Refi Deal

New York-headquartered product tanker company International Seaways has closed on senior secured credit facilities worth a total of USD 390 million.The crude oil and petroleum product tanker company said that the facilities consists of a 5-year USD 300 million senior secured term loan facility, a 5-year USD 40 million revolving credit facility, of which USD 20 million has been drawn, and a 2.5-year USD 50 million senior secured term loan credit facility.The NYSE-listed ship owner and operator said that the proceeds from the loans were used to refinance USD 385 million existing high-cost secured and unsecured debt of the company and its subsidiaries.Jeffrey Pribor…

04 Feb 2014

MARAD's Jaenichen to Open NAMEPA 'Winds of Change' Conference

Paul “Chip” Jaenichen: Photo credit NAMEPA

Acting Maritime Administrator, Paul “Chip” Jaenichen will open the “Winds of Change in Shipping” conference being hosted by NAMEPA (North American Marine Environment Protection Association) in Houston along with the WGMA (West Gulf Maritime Association) on February 19, 2014. The next day, February 20th, NAMEPA is partnering with NOIA (National Ocean Industries Association) to present the “Winds of Change in Offshore Oil and Gas”. Adding even more luster to this period is the inaugural Lloyd’s List North American Awards Dinner on February 19th, where winners of 17 categories will be presented.

07 Aug 2008

General Maritime, Arlington Tankers Merge

General Maritime Corporation and Arlington Tankers Ltd. jointly entered into a definitive agreement whereby the two companies will combine in a stock- for-stock combination. Under the terms of the definitive agreement, approved unanimously by the Boards of Directors of both General Maritime and Arlington Tankers, shareholders of General Maritime will receive 1.340 shares of the combined company for each share of General Maritime held, and shareholders of Arlington Tankers will receive one share of the combined company for each share of Arlington Tankers held. The combination will create a leading publicly traded tanker company. The combined company, to be named General Maritime Corporation, will be headquartered in .