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06 April 2020 The on-line newspaper devoted to the world of transports 15:13 GMT+2




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Sched Netweb site
NOVEMBER 7, 2015
  • A-E rates down 31pc to US$674/TEU, falling 20pc to USWC and down 15pc to USEC
  • Maersk Line Q3 profit plunges 61pc
  • Maersk's mothball of 18,000-TEU ship a 'wake up call' for industry
  • Lomar Shipping puts in twin boxship order with Guangzhou Wenchong
  • Nordic Hamburg orders four green boxships from Huatai Heavy Industry
  • OOCL cuts low-demand winter sailings and adds new Intra-Asia service
  • Ships calling at some Australian ports to pay higher fees
  • Seaspan's Q3 profit plummets 69pc despite revenue growth
  • Gothenburg port to welcome MSC's 19,000-TEU ships from December
  • Panalpina to buy majority stake in Kenyan freight forwarder specialising in flowers
  • TNT is 'making progress' in finding buyers for its freighter fleet
  • Global air freight volumes edges up 1pc in September
  • AEI wins conversion order from ACG for 15 Boeing 737s

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Exim Indiaweb site
NOVEMBER 8, 2015
  • ASSOCHAM's conference on Coastal Shipping & Inland Waterways on Nov. 27 in Mumbai
  • Hamburg Süd awarded HANSE GLOBE
  • Reshamsingh & Co. transports Super ODC consignments from ISGEC, Dahej to RIL, Jamnagar
  • RoRo barge at Cochin Port completes two lakh truck movements
  • Simatech's largest feeder vessel makes maiden call at Adani Mundra Container Terminal
  • Iran may issue fresh licences for Basmati import from India
  • Seafood exports seen dropping 5-10 pc in FY16
  • DP World Operator Training Centre at Mundra goes global
  • Kakinada port to soon launch container operations
  • MPT invites tender for capital dredging
  • NMPT invites EoI to develop fertiliser berths
  • Paradip Port shows improved performance in first seven months
  • Fall in rail freight productivity & increasing costs adding to cost of business, making manufacturing & exports uncompetitive: Fieo President
  • Mobile-based freight brokering a growing trend in trucking operations
  • Double taxation is here to stay, says Mauritius Prime Minister
  • Forex reserves increase to $ 353.637 bn
  • Manufacturing PMI drops to 22-month low in Oct.
  • Rollback safeguard duty, Japanese & Korean cos urge India
  • Steel cos seek more broadbased imposition of safeguard duty
  • Oceans, caught between the devil & the deep blue sea...

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International Transport Journalweb site
NOVEMBER 7, 2015
  • London looks to Ningbo
  • Funds to improve transport in Haiti
  • Alpa discusses increasing safety and productivity
  • Innovative rail logistics for delivering raw materials
  • New reachstackers for Strasbourg
  • Sandlin for president
  • Keeping the knot tied
  • IPO casts off in Frankfurt
  • Transporting BMW parts to Great Britain
  • Massive cash injection in Poland's rail network
  • Packing up two new board members for Biek
  • TSA accepts new SDI scanner on ACSTL
  • 24th and 25th Dreamliners fly to Qatar
  • IAG Cargo launches search for new boss
  • Longer loops for more capacity
  • Is marriage on the books for Hanjin and HMM?
  • Warehouse size tripling in Golden state

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IHS Maritimeweb site
NOVEMBER 6, 2015
  • Critical mass on horizon for Houston Ship Channel
    A shortfall in vessel and equipment capacity within the Houston Ship Channel is forcing shippers to seek alternatives years ahead of an expected boom in container exports. New petrochemical manufacturing plants scheduled to come online starting in 2017 will produce enough plastic resins to fill 400,000 to 500,000 containers, according...
  • Brazil dam accident could pare bulker demand
    The aftermath of the dam burst. Credit: PAThe deadly collapse of two dams near Mariana, Brazil on 5 November has negative implications for the dry bulk sector, according analysts at JP Morgan. The dam held back residue from an open-pit iron ore mine operated by Samarco, a joint venture between Australia's...
  • FSL Trust Management sees fourfold profit gain in 3Q15
    FSL Singapore. Credit: FotofliteSingapore-listed shipowner FSL Trust Management (FSLTM) posted a profit of USD2.8 million on the third quarter which ended 30 September 2015, almost a fourfold increase from USD0.74 million in 3Q14. Revenue grew by 20% year on year, a two-year high to USD28.4 million in 3Q15, due to improved...
  • Shipping magnate sells tanker stake
    Credit: Greg Miller/IHSPeter Livanos, head of Ceres Shipping, has sold down his interest in tanker company Euronav, marking the second major investor divestment of the past week. Livanos sold nine million shares of Euronav, leaving him with 3,922,684 shares or 2.46%. That divestment follows the sale of four million shares...
  • Polaris Shipping issues bond to raise USD35 million
    South Korea's Polaris Shipping, known as an owner and operator of very large ore carriers, has executed a KRW40 billion (USD35 million) bond issue. The issue will have a maturity period of a year and yield interest of 5.404% per annum. Proceeds from the bond issue will be used for working...
  • Letter from Dr B S Park Chairman & CEO, Korean Register
    Dear Sirs Your article, "KRS to lose Korean class monopoly" published in last week's IHS Fairplay contains a number of factual inaccuracies and potentially damaging implications that we would like to address. The article states that the Korean government's decision to open up the classification of Korean-owned vessels to non-Korean class societies...
  • Bullish Avance Gas Holding reports strong interim results
    Avance Gas VLGC Providence. Credit: Southern Cross MaritimeBigger fleet and firmer freight rates allowed Avance Gas Holdings, the Oslo listed Very Large Gas Carrier owner, contributed to strong interim results, while the board maintains an optimistic outlook for the near future. Group net profit rose to USD72.8 million in 3Q15 from...
  • Offshore service company ASL Marine sees profit rise 82%
    Singapore-listed offshore services provider ASL Marine Holdings, (ASL Marine) posted a profit of SGD5.25 million (USD3.74 million) for first quarter ending 30 September, up 82% year-on-year. This was due to higher revenue from ship-building segment, it said in a statement. The company's revenue grew by 10.8% to SGD75.9 million in 1Q16...
  • AP Moller-Maersk cuts 2015 capital expenditure by 12.5%
    A.P. Moller-Maersk CEO Nils Smedegaard Andersen. Credit: A.P. Moller-MaerskDanish shipping giant AP Moller-Maersk (APM) will cut its 2015 capital expenditure to USD7 billion from an earlier estimate of USD8 billion, group CEO Nils Smedegaard Andersen said at a conference call. "The biggest element of that is the fact that we are...
  • Maersk Line profit falls on weak demand
    Maersk Line had predicted lower results in October. Credit: Maersk LineMaersk Line has reported a fall in operating profit as indicated in a profit warning on 23 October, but the group says the market has developed more weakly than foreseen. The container shipping unit, part of AP Moller-Maersk (APM) group in...
  • Shipping braced for emissions curbs
    Shipping interests are closely following developments in the run-up to the upcoming Paris climate change conference in early December given the possibility that a stricter approach to curbing the industry's CO2 emissions might result from the meeting. It remains possible that the shipping industry could receive specific mention in the blueprint to...
  • Kongsberg Maritime: French President Opens Kongsberg Maritime Supplied Simulator Facility in Le Havre
    On October 6th 2015, French President François Hollande attended the inauguration of France's École Nationale Sup'rieure Maritime's (ENSM) new maritime simulator facility in Le Havre, France. The state-of-the-art new building is customised and designed around a 'ship' configuration, and features an extensive suite of ship's bridge and engine room simulators...

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The Loadstarweb site
NOVEMBER 6, 2015
  • Latin America trade may be flat, but there are opportunities - 'think outside the box'
  • Steve Gunning to leave IAG Cargo to become CFO of BA

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Marine Logweb site
NOVEMBER 6, 2015
  • Charter extended, LNG fueled PSV will add battery solution
  • First four-stroke in boxship retrofit to burn LNG
  • Neptun Werft to build double ender for repeat customer
  • Falling freight rates hit Maersk Group profits

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World Wide Shipperweb site
NOVEMBER 6, 2015
  • Port of Olympia earns clean audit report
  • Matson board gives approval for share repurchase program
  • Port Angeles Coast Guard station to hold annual Veterans Day event
  • Sea-Tac Airport set to add Sprint Airlines to carrier lineup
  • Diana Shipping to extend charter of Kamsarmax dry bulk vessel

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Lloyd's Listweb site
NOVEMBER 6, 2015
  • Great Eastern Shipping earnings rise on strong tanker markets
    Time-charter yields of crude and product tankers jump on year
  • Capesize falls as deliveries outweigh scrappings
    All routes fall apart from C5 which shows minor improvement
  • Asia-Europe box volumes down in September
    Seventh consecutive month of traffic declines on key east-west trade, as global volumes fall behind last year
  • Container shipping's Black Friday
    Maersk third-quarter profits drop 61%; Hapag-Lloyd shares make flat debut; freight rates collapse and cargo volumes shrink as problems mount up for hard-pressed industry
  • TEN posts huge third-quarter profit increase
    Tanker owner says attractive period terms underline market's long-term prospects
  • APM Terminals' profits almost halved in third quarter
    Softening demand from key oil producing nations dents operator's bottom line
  • Teekay Corp to issue $200m senior notes in private placement
    Net proceeds to refinance existing indebtedness
  • Nearly a third of Asia-north Europe GRIs gone in a week
    Lingering supply/demand imbalance prevents carriers from sustaining latest price push
  • British polar vessel to escort cruiseship through Northwest Passage
    British Antarctic Survey research vessel will escort non-ice class Crystal Serenity in historic 2016 voyage
  • Purchase options drive IM Skaugen into the black
    Revenues improve on second quarter, but still lag behind those earned last year
  • Lunder steps down from North Atlantic Drilling
    Departure comes amid corruption charges related to time at former employer Vimpelcom
  • Livorno unveils plans for $870m deepwater box terminal
    Several operators have expressed interest with construction tender expected next month, says port authority
  • K Line sets up Dubai joint venture with Sharaf Group
    K Line Shipping & Logistics will use both companies' networks to develop new business
  • Global ports should be ready for LNG bunkering, says MPA
    Asian ports have good potential to offer LNG bunkering services
  • Maersk Line profit falls to $264m as freight rates drop 19%
    Update: Group chief executive Nils Andersen says low growth in the container trades has taken everyone by surprise as world's largest container line reckons demand grew by less than 1% in third quarter
  • First Ship Lease Trust profit rises
    Company will resume cash distributions in future but no timeline yet
  • PSA International inks MOU with Egypt
    Agreement is result of Egyptian president Abdel Fatah al-Sisi's August visit to Singapore
  • One Belt, One Road can help dismal shipping prospects, says Cosco chairman
    Ma Zehua not optimistic about shipping industry in short to medium term
  • Genco deep in the red
    Enters into $98m credit facility to avert liquidity crunch
  • New York Container Terminal to get $30.8m funding for flood project
    Facility will use grant to fund flood resiliency project
  • Tote Maritime wins court order to limit damages
    All past and future lawsuits to be filed in federal court
  • VLGC spot rates slump to 10-month low
    Despite slowdown, participants still bullish on LPG freight market for larger vessels
  • Euronav reaffirms faith in crude tanker market as Livanos sells 9m shares
    Strong fundamentals will continue to underpin tanker market
  • A different class
    The role of class is evolving and this includes the underpinning of a vital technology step-change regarding cyber-systems and risk
  • The big, the beautiful and the market
    With a change in capital structures come new responsibilities
  • MLP setbacks could yield a buy signal
    Shipping industry master limited partnerships have been buffeted by falling oil prices and energy sector volatility, but may still attract investors
  • Bigger, better, stronger, smarter
    Change in one form or another is coming to shipping and the industry has compelling reasons to get ahead of it
  • Despite persistent conflicts, Iraq exerts power over VLCC sector
    But the world's third largest crude exporter may fail to reach full potential due to Isis and sectarian strife
  • Bloc party - how a mega trade deal may boost energy flows
    The TPP and what it means for US-Asia oil and gas trade

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The Journal of Commerceweb site
NOVEMBER 6, 2015
  • China's crackdown on surcharges squeezes container lines
    Ministry of Transport of the People's Republic of ChinaChina's crackdown on ocean carrier surcharges, seen by government officials as hurting exporters, is forcing container lines to lower certain charges at a time when their own profits are declining because of overcapacity and rate competition. Eleven carriers including Maersk Line, CMA CGM...
  • North American intermodal rail outlook improving, IANA says
    After a slow year, the outlook for the North American intermodal industry is brightening as service improves, truck capacity tightens and international trade patterns return to normal, according to the Intermodal Association of North America. The first half of 2015 was not a smooth ride for the intermodal industry, but third-quarter...
  • Eastbound trans-Pacific rates plunge by double digits
    Trans-Pacific eastbound spot rates tested new lows this week. The spot rate from Shanghai to the West Coast plunging 20 percent to $1,102 per 40-foot container from the prior week, and the spot rate to the East Coast dropping 15 percent to $2,015 in the same period, according to the Shanghai...
  • CSCL, Cosco in early stages of merger, FMC commissioner says
    A U.S. Federal Maritime Commissioner said he was told earlier this week by representatives of China Shipping Container Lines and Cosco that the container lines are in the early stages of a merger. FMC Commissioner William Doyle told JOC.com that China's two largest container lines are working to be as transparent as...
  • Slide show: Top 10 global transportation providers
    UPS assumed the top spot on the JOC-SJ Consulting Group list of Top 50 Global Transportation Providers in terms of 2014 revenue, pushing Deutsche Post DHL to the No. 2 position. Of the Top 50, 13 companies are located in North America, 19 in Europe, 16 in the Asia-Pacific region,...
  • Asia-Europe spot rate rebound short-lived
    Spot rates from Asia to North Europe and the Mediterranean this week fell 31 percent and 20 percent from last week, respectively, after rates in the last week of October skyrocketed as some carriers appeared to gain some of their Nov. 1 general rate increases. The average spot rate to move...
  • Container lines warily eye Paris climate talks
    Container lines are closely following developments in the run-up to the upcoming Paris climate change conference in early December given the possibility that a stricter approach to curbing the industry's carbon dioxide emissions might result from the meeting. It remains possible that the shipping industry could receive specific mention in the...
  • Nippon Express' half-year net profit sinks
    Nippon Express Co., Japan's largest international freight forwarder, saw its group net profit decline in the fiscal first half on the back of sluggish revenue growth and extraordinary charges. The Tokyo-based company's net profit fell 5.3 percent to 15.2 billion yen ($124 million) on a consolidated basis in the first half...
  • CMA CGM, Maersk mum on NOL takeover report
    LONDON - CMA CGM declined to comment on reports it is in advanced negotiations to acquire Neptune Orient Lines, the Singapore-listed owner of ocean carrier APL. The French carrier has made a preliminary offer for NOL and is conducting due diligence although it has not been granted exclusivity, according to local...
  • Hapag-Lloyd makes lackluster stock market debut
    Hapag-Lloyd made a lackluster stock market debut today with the German ocean carrier's shares hovering around the 20 euros ($22) issue price in early trading on the Frankfurt exchange. "It was a tough fight," Hapag-Lloyd CEO Rolf Habben Jansen said after ringing a 200 pound bronze ship's bell on the floor...
  • Damco swings to $20 million profit
    Damco's recovery gathered pace in the third quarter with the Maersk Group's freight forwarding and logistics unit swinging to a $20 million profit from a $68 million loss a year ago. Revenue was down 15 percent, however, to $719 million from $848 million in the third quarter of 2014, due largely...
  • APM Terminals profit halves
    APM Terminals' profit halved in the third quarter due to a sharp decline in imports of containers into oil-producing countries in West Africa, Russia and Brazil. The Maersk Group's port-operating unit posted a net operating profit of $175 million, down from $345 million in the third quarter of 2014, on revenue...
  • Maersk Line profit plunges 60 percent
    Maersk Line's profit plunged 60 percent in the third quarter from a year earlier as rising overcapacity and lower cargo volumes depressed ocean freight rates to historic lows. The world's largest carrier booked a net operating profit of $264 million, down from $685 million in the third quarter of 2014. Revenue shrank...
  • Allcargo Logistics' profit rises despite flat revenue
    Allcargo Logistics Ltd., India's leading international freight forwarder and port-based logistics provider, reported a 14 percent increase in consolidated net profit for the second fiscal quarter, despite flat revenue, the company said in a filing to the Bombay Stock Exchange on Friday. The company, which has been expanding its global footprint...
  • Canadian trucker Manitoulin expands in Winnipeg
    Canadian trucking company Manitoulin Transport is expanding in Western Canada, opening a new terminal in Winnipeg, Manitoba, to handle increasing demand in the province. "This larger facility increases our ability to provide reliable freight services and enables us to handle the higher volume we're seeing and will continue to see," Don...
  • ODFL shifting drayage business to company drivers
    THOMASVILLE, North Carolina - Old Dominion Freight Line is pursuing a new drayage strategy, converting from an owner-operator to company drayage driver model and shifting resources from the West to East Coast, ODFL CEO David Congdon told JOC.com. "The liberal administration that we're under in Washington has a strong leaning toward...
  • LTL carrier ODFL sees 'tremendous opportunities' for growth
    ODFL CEO David Congdon rededicates the company's renovated headquarters. Photo courtesy ODFL. THOMASVILLE, North Carolina - Old Dominion Freight Line understands utilization, not just of tractors, trailers and containers, but terminals, warehouses and office space. The less-than-truckload carrier rededicated a completely rebuilt corporate headquarters here yesterday, creating 300 new workspaces, a

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TradeWindsweb site
NOVEMBER 6, 2015
  • Dam failure in Brazil may impact capesizes
    Equity analyst report notes that Samarco dam failure could hit global iron ore trade
  • Judge rules that Lunder should be released
    But prosecutor appeals decision, keeping Fredriksen group CEO in jail over weekend.
  • Euronav confirms three year VLCC deal
    New York-listed tanker owner adds to time charter coverage with contract for TI Hellas.
  • SSY swoops for Vaagen
    Shipbroking giant buys chemical tanker chartering specialist to strengthen its position in the sector.
  • TEN comes strong in Q3
    Tanker owner increases profitability as it beats market expectations in seasonally low quarter.
  • Gagasan ship unwanted
    Second auction scheduled in Malaysia for owner's fast crew boat.
  • Teekay mulls options for non-core MRs
    Teekay Tankers could sell final two medium range tankers after confirming $10.9m deal.
  • Teekay gears up for $200m bond offering
    Private fundraiser aimed at paying down existing credit facility and replenishing cash.
  • Statoil stretches Eidesvik deal
    Norwegian oil major extends agreement with compatriot offshore owner for LNG-powered ship.
  • Teekay gears up to launch $200m bond offer
    Private fundraiser aimed at paying down existing credit facility and replenishing cash.
  • Venezuelan crude sales on the rise
    US imports 50 cargoes of oil in October, up 9% on September.
  • Hope for AHTS owners
    Rates rise as Ross fixes four North Sea ships; Remoy Shipping lays up PSV.
  • North seeks 2.5% rate rise
    Newcastle based P&I mutual joins the crowd setting modest general increases.
  • Oslo Bors door opens for BW Pacific float
    Stock Exchange board clears the way for products tanker owner to float in Norwegian capital.
  • Maersk Line and CMA CGM plot NOL bids
    Liner giants are reportedly in talks to acquire Singaporean company, media report suggests.
  • Ship Finance sells suezmax at firm price
    John Fredriksen-backed owner continues disposal of older tankers with $21m sale.
  • WDR back at Neptun
    German ferry owner looks to replace a 1992-built vessel with second order at compatriot yard.
  • Monjasa moves into UK
    Danish tanker and fuel group takes over Portland bunker terminal from Aegean Marine.
  • Hapag-Lloyd opens higher after IPO
    German line enjoys fractional price boost as stock debuts in Frankfurt.
  • Fredriksen surprised by arrest of Jo Lunder
    Norwegian shipowner John Fredriksen learned of the Oslo airport arrest of group chief executive by email.
  • Euronav outlook holds after Livanos share sale
    Tanker owner still bullish after chairman sells stock to generate cash to fund other businesses.
  • Van Oord scoops Walney work
    Dutch owner to transport and install 87 wind turbine foundations off the UK.
  • Maersk: no panic
    CEO Nils Andersen says group in good spirits despite lay-offs and profit drop.
  • Teekay Tankers plots change to dividend
    Deutsche Bank places buy rating on shipowner as executives suggest new payout strategy awaits.
  • DSME selling again
    Korean shipyard to offload $159m head office; puts in place $2.8bn short-term loans.
  • Fredriksen shocked by arrest of Jo Lunder
    Norwegian shipowner John Fredriksen learned of the Oslo airport arrest of group chief executive by email.
  • K Line eyes Middle East
    Japanese owner forms new shipping and logistics joint venture with Sharaf Group in Dubai.
  • Western switch boosts Skaugen result
    Gas carrier owner returns to profit in Q3 after moving most of fleet from Asian markets.
  • Teekay pulls down the shutters on Gemini
    Gemini Tankers pool to dissolve after partner Diamond S elects to operate its own fleet.
  • Jo Lunder agrees to step down
    Fredriksen Group chief executive leaves all roles until further notice after arrest in Norway, company says.
  • Maersk Line profit down 60%
    Danish liner giant said freight rates hit historical lows due to combination of oversupply and lower volumes.
  • Rickmers sees boxship rates slide
    Singapore-listed containership owner sees rates for new charters fall by between 25% and 50%.
  • China products demand surges
    LPG, fuel oil and jet fuel imports continued to rise at a blistering pace, latest figures show.
  • Singapore in LNG push
    MPA chief executive calls for development of a regional roadmap for LNG bunkering.
  • Aegean Marine secures Arab loan
    Nikolas Tavlarios-led bunker company teams with UAE banks to refinance Middle East facility.

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American Shipperweb site
NOVEMBER 6, 2015
  • NEWS FLASH: Container shipping entering another round of consolidation?
  • USTR publishes full text of TPP agreement
  • Ships facing delays transiting Panama Canal
  • Spot container rates fall back to earth on major trades
  • Panalpina to acquire majority stake in Airflo
  • MISC reports sharp increases in revenues, operating profits
  • RCL joins intra-Asia service
  • Lakes iron ore, limestone trade slips in October
  • "K" Line establishes logistics business in Middle East
  • UASC unveils new mobile application
  • CORRECTION: Spot container rates from Shanghai to the Mediterranean
  • Hanjin container profits plummet in Q3
  • IATA: Airfreight volumes up 1% in September
  • Maersk Group reports lower Q3 profits, revenues
  • House passes $325b transportation spending bill
  • U.S. trade deficit falls 15% in September

news on subscription
The Bunker Bulletinweb site
NOVEMBER 6, 2015
  • Singapore fuel oil prices could firm as arbitrage arrivals falter
    Traders say supplies could tighten.
  • 'Unwinding of OW Bunker has structurally changed the market'
    Mercuria Energy Trading says its Singapore bunker subsidiary has already dealt with over 300 customers.
  • Bunker tanker sale nets $4 million
    Singapore auction has successful first attempt.
  • Monjasa expands European coverage
    With move into English Channel.
  • Maersk Line sees Q3 profits plunge
    'We are not making the money that we'd like to make. Everyone in container shipping is struggling,' says Moller-Maersk's chief executive.
  • Fuel oil homogeniser 'cuts fuel consumption'
    Stena vessels saving fuel while using its product, it claims.
  • Fujairah: Aegean secures fresh loan for oil terminal
    Company agrees more favourable terms.
  • Titan Petrochemicals: Resumption proposal submitted
    Company enters into 'certain agreements' with debtors.
  • AGUNSA: MGO bunker tanker starts operations
    Vessel able to deliver fuel off Antarctic stations and Chilean towns.
  • Aegean secures $120 million credit facility
    Proceeds from loan used to pay outstanding debt from credit facility secured in 2013.




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