World e SUMMER 2011
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First quarter TCE revenues were $206.6 million, a reduction of $23.3 million, or 10%, from $229.9 million in the prior year period, primarily driven by increased spot exposure and lower spot rates for most of the Company’s international vessel classes First quarter Loss was $34.6 million, or $1.15 per diluted share, compared with a Loss of $9.4 million, or $0.34 per diluted share in the prior year period
OSG $35 million loss, for Q1 2010
Liquidity totaled approximately $1.1 billion, including cash and short-term investments of $278 million. READ MORE: http://www.nafsgreen.gr/magazine/sea-world/shipping/1240-osg-35-million-loss-forq1-2010
Horizon Lines, Inc. (NYSE: HRZ) today announced that it has finalized an agreement with CSX Corporation to reduce charter payments on three vessels leased from CSX. Under the agreement, charter hire expense has been reduced by $3 million annually, retroactive to January 2011, through the January 2015 expiration of the charter. The agreement represents a total savings of $12 million for Horizon Lines over the remaining life of the charter. READ MORE: http://www.nafsgreen.gr/magazine/sea-world/shipping/1235-horizon-lines-reachesagreement-with-csx
TOP Ships Inc. (NasdaqGS: TOPS), an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it has taken repossession of the M/T “IONIAN WAVE” from the previous Charterer and delivered the vessel to a major Charterer under a new bareboat charter for a minimum period of seven (7) years with three successive oneyear options at a daily rate of US$ 9,000. READ MORE: http://www.nafsgreen.gr/magazine/index.php?option=com_content&view=article&id=1
Horizon Lines Reaches Agreement with CSX TOP Ships Inc. Announces New Charters
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Evergreen Line, Wan Hai Line and Interasia Lines will launch a weekly Taiwan-Madras Trunk Service (TMT Service) commencing April 29 from the port of Taichung. “India enjoys an annual economic growth rate of 8-9% with the cargo volume increasing from the Far East to India each year,” said a spokesperson for the three carriers: READ MORE: http://www.nafsgreen.gr/magazine/sea-world/shipping/1227-evergreen-wan-hai-andinterasia-lines-to-launch-taiwan-madras-trunk-service
Evergreen, Wan Hai and Interasia Lines to launch service