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TransAtlantic AHTS goes long
Swedish offshore vessel about to break out of the spot game after penning Stena drillship support pact with Chevron Canada.
Navios tops up
Navios Maritime Partners has tapped Commerzbank and DVB Bank for an additional $24m to pay for three bulk carriers – including one now in pirate hands
New York–listed Navios says the cash comes as an extension to a $295m credit facility secured in November 2007.
In a filing to the US Securities & Exchange Commission (SEC), the shipowner says the top-up follows the amendment to some of the loan’s covenants and a payment of $12.5m to the banks.
Navios adds the extra funds will help finance the purchase of the 52,100-dwt Navios Apollon (built 2000), 75,800-dwt Navios Sagittarius (built 2006) and the 75,700-dwt Navios Hyperion (built 2004).
As TradeWinds reported earlier this month, Navios bought the latter two vessels from related company Navios Maritime Holdings for nearly $90m.
The Navios Apollon (built 2000) had made the same switch in October 2009 for $32m and is now in the hands of Somali pirates.
It was seized in December 800 miles east of the Somali coast near the Seychelles.
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