Maritime

CLdN Expands Irish Service Ahead of Brexit

Written by Maritime First

…As Scorpio Bulkers Agrees Refinancing for Kamsarmax***

Short-sea roll-on/roll-off company CLdN Ro-Ro is expanding its Irish service following the arrival of new build vessels to the fleet.

The service is being improved with two Conro-class vessel, according to CLdN.

The company said it would deploy the vessels to operate on the direct Rotterdam-Dublin trade as of February 26, 2019, offering an increase from three to four sailings in each direction. The company noted it was increasing capacity at a time when Brexit uncertainty is a major feature in clients planning.

Three of the sailings will be ro-ro vessels, departing from Rotterdam on a Tuesday, Thursday and Saturday and from Dublin Thursday, Saturday and Monday. In addition one lo-lo vessel will sail ex Rotterdam on Saturday and ex Dublin on Tuesday.

“These further developments are in line with CLdN’s longterm strategy, supported by substantial investments in both terminals and fleet,” a spokesperson for CLdN Ro-Ro SA stated.

The European short-sea ro-ro services provider operates 27 vessels, with 125 sailings per week. The company is also scheduled to welcome the South Korea-built M/V Laureline, the first of a series of four new ro-ro vessels to be built for the company. Laureline was delivered to CLdN Ro-Ro in Ulsan, South Korea, in January this year.

In the meantime, Monaco-based dry bulk shipping company Scorpio Bulkers has reached a financing agreement with an unaffiliated third party related to one of its Kamsarmax vessels.

Under the deal, the company would dispose of a 2015-built Kamsarmax bulker SBI Samba for a consideration of USD 21.4 million.

The vessel would subsequently be leased back from the buyer through a five-year bareboat charter agreement at a rate of USD 6,850 per day.

Scorpio Bulkers said that the transaction also provides the company with the option to repurchase the vessel beginning on the third anniversary of the sale until the end of the bareboat charter contract.

“This transaction increases the company’s liquidity by approximately USD 6.9 million after repayment of the vessel’s existing loan,” Scorpio Bulkers concluded.

World Maritime News

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