Star Bulk Charters Two Newcastlemax Dry Bulk Vessels

first_imgStar Bulk Carriers Corp. has entered into agreements with CSSC (Hong Kong) Shipping Company Limited to bareboat charter, two fuel efficient Newcastlemax dry bulk vessels.These vessels, each with a cargo carrying capacity of 208,000 deadweight tons, are currently under order at SWS, at a monthly hire rate for each CSSC vessel ranging between $371,000 to $410,800 plus LIBOR. The Bareboat Charters have a 10-year term and are expected to commence when the vessels are delivered to Star Bulk, which isscheduled for November 2015 and February 2016, respectively.Under the terms of the Bareboat Charters, Star Bulk is required to pay CSSC $11.3 million and $11.8 million, representing the 20% of the construction price of $56.5 million for Hull 1372 and $59.0 million for Hull 1371 respectively. The upfront hires for each CSSC Vessel will be paid in two equal installments for each CSSC vessel, the first of which shall be due shortly and the second installment shall be due upon the completion of the steel-cutting stage of the construction of each CSSC Vessel.Under the terms of the Bareboat Charters, Star Bulk has options to purchase the CSSC Vessels at any time, which are exercisable monthly, against a predetermined, amortizing balance payment whilst it has a respective obligation at the expiration of the bareboat term. Upon the earlier of the exercise of the purchase options or the expiration of the Bareboat Charters, Star Bulk will own the CSSC Vessels.This structure effectively allows the Company to acquire the CSSC Vessels, upon the completion of the Bareboat Charters, with the equivalent of 80% debt financing as a percentage of the Construction Prices in the preceding paragraph.Star Bulk Carriers, February 26, 2014last_img read more

Wolves star criticised in home country for ‘classist’ campaign against Coronavirus

first_imgThe striker was one of the many local celebrities who sang the song ‘Cielito Lindo’. Actress Mar Saura was the person who invited them all, and then released a video with each famous person singing a short stretch.But it turns out that instead of getting attention for the positive message, the song attracted some heavy criticism, especially towards Raul Jimenez.The local media would’ve been covering his participation in the song, but it’s the comments which have been receiving the press’ attention in the past few days.Embed from Getty ImagesThe video has been compared to the one where Gal Gadot, Natalie Portman, Mark Ruffalo and other actors sing ‘Imagine’ by John Lennon, in another campaign which wasn’t very well accepted by the viewers.Soy Futbol makes a collection of memes about Raul Jimenez. Meanwhile, Radio Formula highlights the reactions which called the action ‘classist’, as it only came from rich people.Debate writes that people became ‘disappointed’ with the striker. They say he’s the one ‘who received the most attack because what he’d done in football put him away from that kind of thing in the public eye’.People are, quite obviously, bored. Last weekend, Wolverhampton Wanderers star Raul Jimenez took part in a campaign to cheer up Mexican people during the battle against Coronavirus. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameIf You Like to Play, this Game is a Must-HaveForge of Empires – Free Online GameUndo聽多多 Hearmore.asia1969年前出生的香港居民現可免費試戴頂尖的歐洲助聽器聽多多 Hearmore.asiaUndoHero WarsGetting this Treasure is impossible! Prove us wrong!Hero WarsUndo熱門話題小心會長過頭…網友推爆:「真的長得超誇張!」熱門話題UndoStanChart by CNBC CatalystDigitization in Banks Is No Longer About Efficiency, but Business Resilience. Don’t Get Left Behind.StanChart by CNBC CatalystUndoCNN with DBS BankWhat Banks Did To Help Corporations Mitigate Future CrisesCNN with DBS BankUndoKeto减肥1個簡單的妙招一夜「融化」腹部贅肉(今晚試試)Keto减肥UndoSmart Tech TrendOver 55? You Have to Try Those Revolutionary Glasses!Smart Tech TrendUndoTemenos by CNBC CatalystIs a Digital Revolution Crucial for Banks to Stay Ahead in a Post-Pandemic World?Temenos by CNBC CatalystUndolast_img read more