• BIST 105.026
  • Altın 162,655
  • Dolar 3,9187
  • Euro 4,6430
  • İstanbul 12 °C
  • Ankara 4 °C

Sea Container borrows $127m

Sea Container borrows $127m
Bermuda-based Sea Containers Ltd. said it transferred its maritime container interests to a new company and emerged from bankruptcy court in Delaware.

Bermuda-based Sea Containers Ltd. said it transferred its maritime container interests to a new company and emerged from bankruptcy court in Delaware.

Bermuda-based Sea Containers Ltd. said it transferred its maritime container interests to a new company and emerged from bankruptcy court in Delaware. The new company, SeaCo Ltd., borrowed $127 million from units of Belgium's Fortis Bank NV and Germany's DVB Bank AG to pay back loans taken for the court restructuring, the company said in a statement on Friday. Major shareholders of SeaCo will be former Sea Containers bondholders and two UK pension funds, the company said. Sea Containers filed for bankruptcy on October 15, 2006, with a plan to shed money-losing European ferry and rail operations in favour of its traditional business of providing shipping containers worldwide. With General Electric Capital Corp., SeaCo owns one half of a maritime leasing company, GE SeaCo, as well as a container fleet.

"SeaCo has been formed at a challenging time for the maritime container industry as it responds to the downturn in global shipping," SeaCo chief executive officer Mark Wilson said in the statement.

www.TurkishMaritime.com.tr

This news is a total 3002 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • Cosco Energy Transportation to Buy New Tankers23 November 2017 Thursday 12:55
  • Captain Survives Alone on Tanker for a Year23 November 2017 Thursday 12:16
  • Vigor May Purchase San Francisco Shipyard23 November 2017 Thursday 11:41
  • BAE Systems gets $8.8 million for amphibious ship work23 November 2017 Thursday 10:52
  • Arctic LNG Carriers Delivered: RS Class22 November 2017 Wednesday 17:41
  • NOAA Shuts Down 22 Fishing Boats over "Codfather" Scandal22 November 2017 Wednesday 17:03
  • Hapag-Lloyd Takes Up New Refrigerant Reefers22 November 2017 Wednesday 16:18
  • Europe's Shipbuilding Industry Under Threat22 November 2017 Wednesday 15:32
  • Three box ships will have Langh scrubbers, EGR water treatment22 November 2017 Wednesday 14:55
  • Damen wins order for twin rig fishing trawler22 November 2017 Wednesday 14:11
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |