bms arcadia gac17
globalseaways17 

Costamare orders five 12,690 teu ships and acquires two 2013-built, 5,000 teu ships

Costamare orders five 12,690 teu ships and acquires two 2013-built, 5,000 teu ships

Costamare Inc. announced the conclusion of shipbuilding contracts and long term charter agreements for five newbuild containerships, as well as the acquisition and chartering of two secondhand containerships.

More...
Scorpio Tankers Announces Sale and Leaseback Agreements for Seven Product Tankers

Scorpio Tankers Announces Sale and Leaseback Agreements for Seven Product Tankers

Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced that it has agreed to sell and leaseback six MR product tankers (STI San Antonio, STI Benicia, STI St.

More...
Safe Bulkers, Inc. Announces the Acquisition of a Capesize Class Dry-bulk Vessel

Safe Bulkers, Inc. Announces the Acquisition of a Capesize Class Dry-bulk Vessel

Safe Bulkers, Inc., an international provider of marine dry-bulk transportation services, announced that it has acquired a 181,000 dwt, Japanese, 2009-built, dry-bulk, Capesize class vessel at an attractive

More...
Γ. Αγγελικούσης: Αναβαθμίζει τα πλοία του με νέες τεχνολογίες

Γ. Αγγελικούσης: Αναβαθμίζει τα πλοία του με νέες τεχνολογίες

Η ναυτιλιακή Maran Tankers του Γιάννη Αγγελικούση έκλεισε συμβόλαιο με την εταιρία Sembcorp Marine της Σιγκαπούρης για την εγκατάσταση συστημάτων καθαρισμού και  διαχείρισης θαλασσέρματος σε 13

More...
Genco Shipping acquired two 2016-built capesizes and one 2016-built ultramax

Genco Shipping acquired two 2016-built capesizes and one 2016-built ultramax

Genco Shipping & Trading Limited announced that it has taken delivery of the Genco Defender and the Genco Liberty, two 2016-built 180,000 dwt Capesize vessels, as well as the Genco

More...
EU wheat sees technical bounce with Chicago after 7-week low

EU wheat sees technical bounce with Chicago after 7-week low

European wheat futures ended higher on Friday after an earlier seven-week low, encouraged by a technical rebound in Chicago as traders awaited a clearer picture about supply in top wheat exporter

More...
Frontpage Slideshow | Copyright © 2006-2011 JoomlaWorks Ltd.
Εκτύπωση

Euronav completes merger with Gener8 Maritime

13 Ιουνίου 2018.

euronavpl15Euronav NV announces that it has successfully concluded the merger with Gener8 Maritime. The 60.9 million new shares issued to Gener8 shareholders as consideration for the transaction will begin trading today on the NYSE.

Paddy Rodgers, CEO of Euronav, said: “Today marks an important milestone in the continued development of Euronav. Completing this transaction provides the crude tanker market with a global player of substantial size. Increasingly our customers and clients are demanding flexibility and scale solutions to their transportation requirements.

The enlarged operation will allow Euronav to meet these specifications. I would like to take this opportunity to thank all of the employees of Euronav and Gener8 for their extremely hard work and dedication in completing this complex transaction over the past six months or so. We look forward to integrating the Gener8 vessels into our fleet and continuing to provide our customers with a high quality and safe service.”

The merger creates the leading independent large crude tanker operator in the world including:

-76 operating crude tankers, consisting of 43 VLCCs, 27 Suezmaxes, 2 ULCC, two Panamax tankers and two FSOs under joint venture - representing over 19,4 million DWT in aggregate,

-Balance sheet assets of over USD 4 billion,

-Estimated pro-forma market capitalization of approximately USD 2.0 billion based on Euronav’s closing price of USD 9.10 per share on 11 June 2018,

-Marked-to-market leverage of less than 50%,

-A liquidity position estimated at more than USD 800 million, including cash on hand and undrawn amounts available under existing credit facilities,

-Tangible economies of scale via pooling arrangements, procurement opportunities, reduced overhead and enhanced access to capital,

-A well-capitalised, highly liquid company for investors wanting to participate in the tanker market,

-Increase of the scale of the Tankers International Pool (a spot market-oriented tanker pool) to 65 VLCCs allowing it to continue to provide the lowest commercial fees as a percentage of revenue in the sector.

Members of Euronav board of directors and executive management will continue to serve in such positions. In connection with the Merger, Mr. Steven Smith, a former Gener8 director, was nominated and elected to serve as an independent director of Euronav at its General Meeting of Shareholders held on May 9, 2018. Effective as of closing, Mr. Smith will join Euronav’s board of directors to serve for a three year term as an independent director.

 

About Euronav

 

Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav’s owned and operated fleet consists of 2 ULCC, 43 VLCCs, 27 Suezmaxes (two under construction), 2 Panamaxes and 2 FSO vessels (both owned in 50%-50% joint venture). The Company’s vessels mainly fly Belgian, Greek, French and Marshall Island flags.

Source: Euronav NV 

 

crossworldbanner

seanergybanerblue

antipollution

bv18

liberianbanner

panamanian

rstechnical

Ημερολόγιο

«  Σεπτέμβριος 2018  »
ΔΤΤΠΠΣΚ
12
3456789
10111213141516
17181920212223
24252627282930

wartsila

hellenicsw18

capitallink18

forummalta18

naftemp18

chiosnavig18

Αναζήτηση

ibiabanner