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Five Star Service News

28 Aug 2014

Pearl Seas Cruises Embarks on Inaugural Sailings

Pearl Mist (Courtesy of Pearl Seas Cruises)

Just six weeks into its inaugural season, Pearl Seas Cruises has announced the successful start of its 210-passenger flagship, Pearl Mist, which currently operates in the Canadian Maritimes and Great Lakes before heading to the Caribbean for winter voyages. According to Pearl Seas, all ports have warmly welcomed and continue to welcome the Pearl Mist, adding that the newly offered cruises have received high praise from guests, with five-star service, spacious staterooms and a friendly crew being among the top-cited reasons for the highly rated experiences.

15 Nov 2012

TBS Appoint Gregg McNelis Permanent CEO

TBS Shipping Board of Directors appoint the Company’s co-founder & Chief Operating Officer, Gregg McNelis, to Chief Executive Officer & President. TBS Shipping Limited (TBS) provides worldwide shipping solutions to industrial shippers through its Five Star Service: ocean transportation, projects, operations, port services, and strategic planning. The TBS shipping network operates liner, parcel and dry bulk services, supported by a fleet of a multipurpose tweendeckers and handysize/handymax bulk carriers. Mr. McNelis commented, “TBS has a renewed focus on enhancing customer relationships, refreshing the fleet and empowering the many dedicated professionals who professionally execute our business worldwide.

21 Dec 2011

TBS to Deleverage Balance Sheet; Refresh Fleet

TBS International plc (NASDAQ: TBSI) has reached agreements with its bank lenders on terms to reduce its leverage and refresh its fleet. As part of these agreements, TBS and the syndicates led by Bank of America and DVB Group Merchant Bank have agreed on terms to restructure outstanding indebtedness that contemplate exchanging existing senior debt for new senior debt and equity and the refreshing of the TBS fleet by long-term charters of modern tweendeckers and bulk carriers. These terms provide for payment in full of the amounts owed to the Bank of America and DVB syndicates over a significantly extended maturity period, the continued business operations of TBS under current management and the same quality of Five Star service that TBS's customers have always experienced.

10 Nov 2008

TBS Reports 3Q, 9 Mo Results

Joseph E. Royce, Chairman and Chief Executive Officer and President of TBS International Limited, stated: "We attribute these record results to the efforts of our worldwide team of shipping professionals delivering our TBS Five Star Service (Ocean Transportation, Logistics, Portside Services, Operations and Strategic Planning) to our global customer base. TBS owns its vessels, deals directly with our clients and presently does not have vessels on long term time charters. "We are in unprecedented times for the global economy and dry cargo shipping industry. The stagnation caused by the crisis in the financial community has interrupted normal trade and reduced cargo movement.