Latest news from Heavy Lift & Project Forwarding International Magazine

Dockwise to commence debt buyback programme

June 8 - Dockwise intends to utilise up to USD50 million to buy back a portion of its syndicated debt in a reverse Dutch auction to be conducted by the Royal Bank of Scotland.

Dockwise is inviting holders of the USD816.5 million floating rate first lien debt to submit offers to sell all or part of their debt at a discount, for cash, to Dockwise.

The invitation will be open until 14.00 CET on 15 June 2009, unless extended or terminated and is expected to settle on 29 June 2009. 

Full terms and conditions of the invitation, including certain jurisdictional restrictions, will be provided to the lenders.

Heavy Lift | News

Cargolux calls at Incheon thumbnail image

Cargolux calls at Incheon

July 17 - Cargolux Italia has launched a Boeing 747 service between Milan Malpensa Airport, Italy and Incheon, South Korea.
Views: 53
Express discharge at the port of Tyne thumbnail image

Express discharge at the port of Tyne

July 17 - Höegh Autoliners has transported five Hitachi TransPennine Express train carriages from Kobe, Japan to the port of Tyne in the UK. 
Views: 63

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