first_imgzoom Since the beginning of 2016 the Athens-based containership owner Costamare Inc. has completed debt financing transactions of over USD 760 million, according to the company.In August 2016, the company entered into a loan agreement with a European financial institution for the financing of the third and fourth 11,000 TEU vessels on order, acquired under the JV with York Capital. The facility is for an amount of up to USD 87 million which will be repayable over 3 years. Costamare said that the proceeds are expected to finance the remaining yard installments for the two vessels.During the same month, the shipowner finalized the refinancing of two credit facilities secured with the 2006-built vessel Cosco Beijing and the 2000-built ships Sealand New York and Sealand Washington. Under the new financing arrangements, balloon installments of USD 90 million, due in the second and third quarter of 2018, have been extended to be amortized over three years.Furthermore, the company finalized the refinancing of its USD 1 billion facility in September 2016. Under the new agreement, the balloon payment of USD 270 million, due in the second quarter of 2018, has been extended to be amortized over three years.“Our goal is to strengthen the company and enhance long term shareholder value. Managing our debt repayment schedule, minimizing our capital commitments and adjusting the dividend are necessary steps in today’s market environment,” Gregory Zikos, Chief Financial Officer, said.Out of the USD 760 million worth of debt financing transactions, around USD 400 million involve the extension for 3 years of debt maturing in 2017 and 2018, some USD 175 million relate to the financing of Costamare’s newbuild program, USD 150 million relate to the refinancing of existing facilities, and USD 40 million relate to new financings.“We have no debt maturities in 2017, we have reduced our 2018 balloons from approx. USD 440 million to approx. USD 80 million and we have minimized our capital expenditure requirements,” Zikos said.last_img read more


first_imgTrina Roache APTN National NewsCheers and applause greeted three Labrador Land protectors who were back in Happy Valley-Goose Bay Supreme Court Monday morning after spending the last 10 days in jail.Jim Learning, Eldred Davis and Marjorie Flowers were charged with contempt of court for breaching an injunction obtained by Nalcor Energy, a provincially-owned Crown corporation.On July 21, all three refused to sign an undertaking to stay one kilometre from the Muskrat Falls hydroelectric dam and were taken into custody and sent to the St. John’s jail 1,500 km south.On Monday morning they were back in Happy Valley-Goose Bay and before Justice George Murphy who was appearing via video conference from Cornerbrook.The judge cautioned the people in court against disrupting the proceedings after emotional outburst July 21.When Davis came into court, he was met with a quiet show of solidarity as people raised their arms and waved.Davis has refused to eat while in jail.“My mind was tested to the limits,” Davis told the court on his time in jail.The judge told Davis he didn’t want to send him back to jail, but if Davis refused to comply with the court order, he had no choice.His next court date is set for the end of August.“I don’t know if I could last that long,” said Davis. “I feel I have no choice, for my sanity…my health.”(Supporters go through security at the Labrador court house in Goose Bay. Photo: Trina Roache/APTN)He agreed to sign the undertaking this time.But Learning refused. When sheriffs escorted him into court, he smiled at the land protectors filling the room and said: “A full house.”The 79-year-old has fought the hydro project at Muskrat Falls for years. Nalcor alleges Learning trespassed on its property on June 25 and 26. Then blocked traffic entering the main gate at the Muskrat Falls site on July 18.Murphy said there’s a difference between protesting and breaking the law. He urged Learning to sign the undertaking, saying he didn’t want to send him back to jail.“I don’t want to sit there either,” said Learning. “But there’s no choice for me here. I’m not giving up my fight.”Flowers consulted with her St. John’s lawyer Mark Gruchy who asked the court for the option of house arrest in lieu of jail time. Murphy agreed. Flowers has to abide by an undertaking she previously signed in November 2016.The judge then offered the same option to Learning.The court took a short recess so Learning could consult with his partner Roberta Benefield and lawyer Mark Gruchy.(Eldred Davis is hugged by a supporter after court in Goose Bay. “I feel I have no choice, for my sanity…my health,” he said. Photo: Trina Roache/APTN)Learning steadfastly refused to sign an undertaking but agreed to house arrest over going back to jail.When the three land protectors were released after the court proceedings, they were met with hugs and cheers.Learning and the others will appear in court again at the end of August. Fifty land protectors are facing civil charges.Thirty-seven people are also facing criminal charges related to protests at Muskrat Falls.The hydro project has been criticized for its impacts on the environment, skyrocketing costs now over-budget at $12-billion, and a lack of consultation.Contact Trina here: troache@aptn.calast_img read more


first_img Related Items:freedom of information law, Pdm, pnp manifesto TCI Country Leaders condemn vicious memes Facebook Twitter Google+LinkedInPinterestWhatsApp Only Doug and Ralph and Ruth can fit, that’s why Recommended for you TCI Premier blasts Opposition side for “slop” information, sets it straight in HOA Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 15 Sept 2015 – The Turks and Caicos is another step closer to a Freedom of Information Ordinance, after the Opposition Leader saw her motion pass through the House of Assembly with majority support on Monday. There was contentious debate on the motive for the Freedom of Information or FOI motion; the readiness of the TCI with human and other resources to support an actual FOI ordinance; argument that a Freedom of Information law was not a part of the PNP Manifesto promise, said the Premier; that the FOI would further weigh down the PNP Administration’s legislative agenda and a reminder about the constitutional responsibility to have the law, at some point, enacted. The governor’s appointed member female, Hon Lillian Missick chided the governing side for what she called, ‘emotional’ comments about the Motion brought, explaining that the TCI parliament is constitutionally obligated to establish the law so, in her view, there was no need for the hot rejection of the idea. Hon. Missick admits she would like to see first, that the country has the infrastructure to support the demands for information she believes the legislation will create. There were three abstentions including the Premier; six nay votes including most of the PNP frontbenchers, who voted ‘no’ and nine Members voted ‘yes’ to push the motion forward. All PDM members and the Governor’s female member voted in favor of drafting legislation for a Freedom of Information Ordinance. last_img read more


first_imgWILMINGTON, MA — Below are recent articles about Wilmington — published online between May 7, 2018 to May 13, 2018 — that residents should consider reading:Wilmington Town CrierWilmington-Burlington Special Olympics Day: Two hundred and forty student-athletes enjoy fun-filled day by Jamie PoteTown Meeting rejects Special Town Meeting articles by Lizzy HillGirl Scout Troops promote literacy with Little Library by Christina HainesSchool Committee talks tech education by Lizzie McDermottWilmington Town Crier sports stories can be read HERE.Wilmington AdvocateNoneWilmington PatchTewksbury Police Arrest Man For Flipping Out, Flipping Pool Table by Dave CopelandLowell SunWilmington Town Meeting bans retail plastic bags by Kori TuittAlways going full REED ahead by Kori TuittWilmington officer wakes family as flames spread by Aaron CurtisWilmington man guilty of dealing fentanyl by Aaron CurtisTewksbury Police: Unwelcome customer flipped pool table, crushing woman by Aaron CurtisLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com. Share this:TwitterFacebookLike this:Like Loading… RelatedWILMINGTON AROUND THE WEB: The Best Stories From Wilmington’s NewspapersIn “Community”WILMINGTON AROUND THE WEB: The Best Stories From Wilmington’s NewspapersIn “Community”WILMINGTON AROUND THE WEB: The Best Stories From Wilmington’s NewspapersIn “Community”last_img read more


first_imgFile photo of Sachin Tendulkar at 2011 World Cup.PRAKASH SINGH/AFP/Getty ImagesFormer Indian legendary cricketer, Sachin Tendulkar’s record for the highest score by an 18-year-old at an ICC World Cup was broken by Afghanistan’s Ikram Ali Khil when the latter scored 86 off 92 balls against West Indies at the ICC Cricket World Cup in Leeds. The legendary batsman scored 84 runs against New Zealand in the 1992 World Cup.The 18-year-old wicket-keeper batsman scored the highest individual score for Afghanistan in this World Cup. After the match when asked about how he felt breaking the Little Master’s feat he said as quoted by ICC,” I’m very proud to have broken the record of a legend like Tendulkar. It makes me very happy.”The youngster who idolises Kumar Sangakkara added that he was disappointed as he did not score a century and hopes that he will score a ton in future.”I’m disappointed at the same time because I thought I could score a hundred. Hopefully, in the games ahead I will score a hundred for Afghanistan,” he said.The wicket-keeper batsman further added that he wants to become the greatest cricketer of Afghanistan and is very happy with the experience he got at the World Cup.Afghanistan lost their last game of the World Cup against West Indies by 23 runs. Batting first, the Windies posted a massive total of 311 runs for the loss of six wickets with good batting performances from Shai Hope and Nicholas Pooran. In reply, Afghanistan after getting an early setback losing Gulbadan Naib’s wicket recovered but fell short by 23 runs. Ikram’s magnificent performed went in vain.Afghanistan had a disappointing World Cup campaign as they lost all the nine games they have played. But in some matches, they showed glimpses of promise which they could take back as a positive from the tournament. The four teams who are practically confirmed to have qualified for the semi-finals are Australia, India, England and most probably New Zealand if Pakistan do not pull off a miracle in their final fixture against Bangladesh which is supposed to be a dead rubber.last_img read more