SeaNews Turkey
Home FAQ RSS Links Site Map Contact Saturday, 29.Nov.2014, 07:08 (GMT)
All News
INTERVIEW
TURKISH STRAITS
SEANEWS MAGAZINE
COLUMNISTS
WORLD SHIPPING
PORTS
SHIPPING NEWS
SHIPBUILDING
ACCIDENTS
PILOTAGE&TOWAGE
MARKETS
LOGISTICS
SHIP RECYCLING
IMO&EU NEWS
PIRACY
TURKISH PRESS REVIEW
SEA SPORTS
NEWS FROM TURKEY
INSIGHT/OPINION
SHIPBROKER REPORTS
OFFSHORE
GUEST COLUMNIST
MARITIME RSS
Poll
Will freight markets ever return pre-crisis levels?
Yes, in 2014
Yes, in 2015
Yes, after 2015
No, never!
Who knows?


 
WORLD SHIPPING

Greece: Navios Maritime Acquires Handysize Vessel ‘Navios Serenity’
Greece: Navios Maritime Acquires Handysize Vessel ‘Navios Serenity’

Navios Maritime Holdings Inc., a large, global, vertically integrated seaborne shipping and logistics company, announced today that it has acquired the Navios Serenity, a 2011-built Handysize vessel of 34,718 DWT, for $26.0 million. Monday, 02.Apr.2012, 22:44 (GMT)

Navios Maritime Holdings Inc., a large, global, vertically integrated seaborne shipping and logistics company, announced today that it has acquired the Navios Serenity, a 2011-built Handysize vessel of 34,718 DWT, for $26.0 million.

The vessel was previously part of Navios Holdings’ long-term chartered-in fleet. The improvement to cash flow, as a result of the replacement of the charter-in cost, is estimated at approximately $2.4 million on an annualized basis.

The acquisition of Navios Serenity is financed by a new credit facility of up to $42.0 million with a syndicate of commercial banks. The new facility will also refinance the existing debt of Navios Astra due for repayment in 2013, thus eliminating refinancing risk for 2013.

The new facility has a term of 8 years and is divided in two tranches having amortization profile of 18 and 14 years and margin of 2.85% and 3.6% respectively.

Angeliki Frangou, Chairman and CEO of Navios Holdings commented, “Last week, we took delivery of the Navios Centaurus. Today, we announced the acquisition of the Navios Serenity and the refinancing of the Navios Astra. In sum, we have been able to take advantage of market opportunities while we actively manage our balance sheet.”


Read: 2840 Times- Navios Maritime Holdings , -


Rating (Votes: 0)
Add your comment(Existing: 0)  Tell friend  Print

COMMENTS ( 0 Existing)
Related Articles:






Events
November 2014
Su Mo Tu We Th Fr Sa
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            
 

COLUMNISTS
MOST READ TODAY
Idle box fleet shrinks in November to lowest level since 2008- 408
Immigrant ship "Baris" sailed from Turkey, Mersin- 308
Shippers warn that US freight rates in all modes will rise in 2015- 294
Terminals face big challenge of sharp rise in box volumes through 2024- 239
Hamburg volume up 6.4pc in first 9 months to record high of 7.4 million TEU- 236
Toll sells non-core, loss-making businesses, expects to make US$85.2 million- 235
"Baris" being evacuated in Ierapetra, Crete- 221
CMA CGM buys Oldenburg-Portugiesische Dampfschiffs-Rhederei- 181
Called New Silk Road, China to Spain 6,200 mile long railway line opens- 180
West Africa is down, but not out from Ebola given its resilient box volumes- 172

E-MAGAZINE
SeaNews June
October Issue
SeaNews June
September Issue
SeaNews June
July/August Issue
SeaNews June
June Issue
SeaNews June
May Issue

News in Pictures


Model Alexandra Fotopoulou holding the 9th issue of seanews magazine at the Posidonia Shipping Fair


Hot News
Denak Trader may leave port, as Denak Shipping pays the guarentee
Number of immigrants at 595, 21 people arrested
GAC wins 2 awards for Middle East and Indian subcontinent services
GAC HullWiper recognised for ground-breaking features at Rotterdam gala
ICTSI ports listed among world's best infrastructure projects

 
Archive Search