Tag

Tag: Sea-Cargo | Ferry Shipping News

Jan 14
1

Trasmediterránea Rescued with an Injection of 340 million

By | 2021 Newsletter week 2 | No Comments

Naviera Armas, owner of Trasmediterránea, has closed an agreement with its main financial creditors (Barings, Bain Capital, Cheyne Capital and JPMorgan) to convert a total of 240 million euros in debt into capital and, in addition, receive a liquidity injection of up to 100 million euros through a bridge loan, according to Expansión.

To save the current economic situation, the Armas family intends to contribute 40 million with the sale of the (fast ferry) ship VILLA DE TENOR. In this way, Armas will be able to maintain control of the group’s rights.

Source: Preferente (in Spanish)
Jan 07
1

The New Sea-Cargo

By | 2021 Newsletter week 1 | No Comments

Sea-Cargo initiated major changes to the already well-established liner system in the North Sea. Since 2001, Sea-Cargo have offered seafreight between Western Norway, Denmark, the Netherlands and UK with its roro and general cargo vessels.

As of week 1, this will be extended to also include Sweden and Poland (Swinoujscie, Gothenburg and Lysekil) as part of a TOTAL reorganisation with NEW transport routes, DOUBLE capacity and a completely NEW FLEET adapted to a modern and future-oriented transport system – where all cargo will be handled with load carriers (cassettes).

The fleet also includes the SC CONNECTOR. This roro vessel has been rebuilt and equipped with rotor sails.