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pacific radiance
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gslgsl
Senior |
27-Sep-2022 08:54
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Pacific Radiance back alive from yesterday. | ||
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honesty
Master |
12-Jun-2022 13:14
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almost 10 months ago, what i said 85/- now already 122/- per barrel, if companies in this business cannot survive, must be of poor sight or no foresight.. Ezion is a classic example, just belly up, and share holders lost so much money, no foresight from so call uni grads,
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gslgsl
Senior |
12-Jun-2022 12:51
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For those who have Pacific Radiance may like to know :Mexico&rsquo s Enav to take over Pacific Radiance fleetOctober 29, 2021Singapore-based offshore vessel operator Pacific Radiance has struck a conditional deal with its secured lenders and ENAV Radiance, an affiliate of Mexico&rsquo s ENAV Offshore, for the sale of its entire fleet. The deal will see Pacific Radiance transfer its 33 vessels and accompanying income and revenue streams to ENAV. In return, ENAV will pay off the debt of around $200m currently owed by Pacific Radiance. According to VesselsValue data, the company currently owns 32 ships and has one AHTS on order at the Nantong Tongshun shipyard in China. Following the transaction, Pacific Radiance said it should pivot into an asset-light ship manager and continue to offer its expertise and services in the offshore marine industry in the near term, with a view to developing other revenue streams in the medium term. &ldquo The group believes that the ship management business is expected to stay resilient in the current challenging environment as more shipowners look to scale down their operations, contain their costs and outsource all or certain parts of their operations to professional ship managers,&rdquo Pacific Radiance said. As part of the agreement, ENAV will appoint Pacific Radiance as ship managers for the majority of the acquired vessels via ship management contracts. The deal is subject to, among other things, shareholders&rsquo approval and no objection from the Singapore Exchange Regulation. |
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honesty
Master |
17-Oct-2021 10:47
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oil has risen so much almost 85/- Family mgmt should capitalise NOW and get the trading lifted, cannot possibly wait till it goes up to 120/- or if OPEC pumps in more, then price will depress. wonder what these mgmt staff are thinking. financial institutions are all waiting to loan sgx should impose a max trading stoppage to ensure fairness to shareholders |
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