Brought to you by: Monaco Life
Scorpio Bulkers has reached agreements with a shipyard to reduce the price to be paid under the shipbuilding contracts of two Kamsarmax dry bulk vessels that are to be delivered between Q1 2017 and Q2 2017, by an aggregate of $4.9 million.
The company, which has principal executive offices in Monaco and New York, also announced that its Board of Directors has authorised the repurchase of up to $20 million of the company’s outstanding 7.5 percent Senior Notes due in 2019 in open market or privately negotiated transactions.
The specific timing and amounts of the repurchases, which will be funded by available cash, will be in the sole discretion of management and vary based on market conditions and other factors. This authorisation has no expiration date, the company said.
The Princess Charlene of Monaco municipal swimming pool is to remain closed for the summer after a ruling by the new La Turbie municipal council this week.
After two weeks screening residents for Covid-19 antibodies, Tuesday was an opportunity for Monaco’s youngest to take advantage of the government’s mass testing campaign.
When Covid-19 stepped in, luxury wedding planner Muriel Saldalamacchia stepped up, developing protocols to help the government lift a ban on weddings and eventually restore a €10 billion industry.
After weeks of debate and uncertainty about timings and legalities, the French application StopCovid was launched Tuesday for both Android and iOS devices.