Europe & Eurasia – Page 190

ADS Crude Carriers to Pay More for Scrubber Installations

The expected investment increased to around USD 6.5 million, from the previously guided USD 5.5 million per vessel.

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The transactions are expected to reduce Navios Acquisition’s debt by USD 33.4 million or 3% of outstanding debt.

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Next quarter is expected to be slightly affected by the seasonal slowdown in the chemical tanker market.

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Germany-based shipping company BBC Chartering has appointed Ulrich Ulrichs as a new CEO of the company.

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The parties have now agreed to extend the option period until December 31, against additional compensation.

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