Independent journal on economy and transport policy
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Navios Maritime Maritime Holdings and Navios Acquisition buy ten ships from debtors of HSH Nordbank
draft of five product tanker and five portacontainer
April 22, 2013
The Maritime Greeks Navios Holdings Inc. and Navios Maritime Acquisition Corporation, through the joint venture new Navios JV, has acquired ten ships of the medium age 5,5-year-old from debtors of the German credit institution HSH Nordbank. Draft of five product tanker of the type MR1, of which three of the ability to 37.500-38.400 gross two and capacities in tons of 63.500 tpl, and five portacontainer of the ability to 2.000-3.400 teu. Joint venture will pour to HSH 130 million dollars altogether cash and will participate with an investment of other 170 million dollars about to a HSH participating loan subordinate.
"Working to tightened contact with HSH in the course of the last year - it has explained the president and managing director of Navios Holdings, Angeliki Frangou - we have devised a program based on which the ships can be recovered from the state of insolvency and placed in a stability situation. So making we are taking advantage of the technical and commercial management and economies of scale advanced of the Navios to advantage of all. HSH and Navios are engaged in the their profitable working relationship and - it has specified Frangou - they are ready to put into effect similar operations in the near future".
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The Maritime Greeks Navios Holdings Inc. and Navios Maritime Acquisition Corporation, through the joint venture new Navios JV, has acquired ten ships of the medium age 5,5-year-old from debtors of the German credit institution HSH Nordbank. Draft of five product tanker of the type MR1, of which three of the ability to 37.500-38.400 gross two and capacities in tons of 63.500 tpl, and five portacontainer of the ability to 2.000-3.400 teu. Joint venture will pour to HSH 130 million dollars altogether cash and will participate with an investment of other 170 million dollars about to a HSH participating loan subordinate.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
