Seanergy Concludes Refinancing of Bulker Championship


first_imgGreek dry bulk shipping Seanergy Maritime Holdings Corp. has concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International SA.The refinancing has released approximately USD 7.8 million of liquidity for the company.Pursuant to the agreement, the company has chartered back the vessel on a bareboat basis and subsequently entered it into a five-year time charter with Cargill at a rate which is linked to the 5-routes time charter average of the Baltic Exchange Capesize Index (BCI).Cargill will also cover 100% of the equipment and installation cost for retrofitting the vessel with an exhaust gas cleaning system.As part of the transaction, the company has issued 1,800,000 common shares to Cargill.As informed, the transaction is part of the company’s scrubber installation and time-charter program announced in October 2018. The company plans to equip five of its Capesize bulkers with scrubbers before the January 1, 2020 implementation date of the International Maritime Organization (IMO) sulfur emission cap regulation.last_img read more

Rooney waits on Fergie’s final team


first_img Rooney was not even on the bench for Ferguson’s final home game before his retirement, against Swansea on Sunday, after asking for a transfer. When Ferguson selects his line-up to play West Brom at the Hawthorns on Sunday he is likely to pick a team symbolic of his years at Old Trafford, with starting places for Paul Scholes and Ryan Giggs, plus Robin van Persie. Until recently that would have included Rooney, but the 27-year-old could well find himself left out in the cold again. Press Association Although United have stated that Rooney must honour his contract, which has two years left to run, there is a strong chance the England forward will be sold in the summer even if he decides to withdraw his request now that Ferguson is retiring. Ferguson said on Sunday that Rooney “was not keen to play” ahead of the 2-1 win over Swansea. “I don’t think Wayne was keen to play, simply because he has asked for a transfer,” Ferguson said. Much will depend on the view of Ferguson’s successor, David Moyes, who managed Rooney at Everton but later sued him for libel – and won – over remarks in the player’s autobiography. That issue has been patched up, but Rooney’s future is already top of Moyes’ new in-tray. United defender Rio Ferdinand insists everybody at the club must prove themselves to Moyes – no matter who they are. Speaking to MUTV, Ferdinand said: “We’ve got to prove ourselves to the new manager. He’s going to come in with new ideas, new rules, a new regime. “No matter how long you’ve been here – whether it’s the likes of Giggsy or myself, we’re going to be in the same boat as people like Danny Welbeck, Phil Jones, Tom Cleverley. We have got to make sure he feels we’re the right people to start each game.” center_img Wayne Rooney is facing the possibility of having played his last game in a Manchester United shirt as Sir Alex Ferguson decides on the squad for his final game in charge.last_img read more