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Naviera Armas Trasmediterránea

Aug 04
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Spain’s first passenger ships powered by 2G biofuels sailing from Algeciras in August

By 2023 Newsletter week 30

Cepsa will supply second-generation (“2G”) biofuels for 84 voyages of Naviera Armas Trasmediterránea from the Port of Algeciras, reinforcing its commitment to sustainable fuels for maritime transport in Spain.

These biofuels are produced at the San Roque Energy Park (Campo de Gibraltar, Cádiz) from agricultural waste that would otherwise end up in landfills, thus promoting the circular economy.

The nearly 100 tons of renewable diesel supplied will avoid 63 tons of CO2 emissions, equivalent to planting 750 trees.

Biofuels can reduce CO2 emissions by up to 90% compared to conventional fuels, playing a key role in decarbonization of hard-to-electrify sectors like maritime transport.

Source: CEPSA

Nov 12
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Naviera Armas Trasmediterránea in Refinancing Operation

By 2020 Newsletter week 46

Naviera Armas Trasmediterránea said in a Spanish press release it is NOT filing or about to file for bankruptcy.

This message came after some damaging articles were published in Spanish media.

The company said that it is renegotiating debts.

“Faced with the impact of the low demand because of the COVID-19 crisis, and with the aim of preserving its liquidity and optimizing its capital structure, Naviera Armas Trasmediterránea has started talks with the representatives of the main bondholders, to refinance or restructure the bonds maturing in 2023 and 2024 that we expect to bear fruit in the coming weeks.”

“Naviera Armas Trasmediterránea guarantees all its commitments with its commercial suppliers. Likewise, Naviera Trasmediterránea guarantees the provision of all the services that it has been providing.”