Breaking News

11 new Covid cases on 17 Jan. brings total to 1,205: 31 hospitalised: 18 resident + 11 in ICU: 4 resident, 118 home monitored, 995 recoveries, 8 deaths

Scorpio renegotiates ship prices

Scorpio renegotiates ship prices

By Staff Writer - December 12, 2016

Photo: Scorpio Bulkers
Photo: Scorpio Bulkers

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.

READ MORE BUSINESS: Anti-drone system now live
READ MORE BUSINESS:  National Council approves MFOs

 

shares
SHARE
Previous articleMonaco’s Princess joins global plea for children
Next articleMonte-Carlo Circus to highlight animal care and conditions

daily

January 16, 2021 | Business & Finance

ACM cancels two major rallies

Stephanie Horsman

The Classic Monte-Carlo Rally and the Historic Monte-Carlo Rally have both been cancelled because of restrictions surrounding the Covid crisis.

0
January 15, 2021 | Business & Finance

Charles Leclerc tests positive but “feeling ok”

Stephanie Horsman

Monegasque Formula One driver Charles Leclerc says he is suffering only mild symptoms after contracting Covid-19 and is in self-quarantine at his home in the Principality.

0
Stephanie Horsman

Nice airport’s traffic fell an astounding 68.4% in 2020. Though alarming, the slow year did allow authorities to rebuild and renovate, getting a jump on creating “the airport of tomorrow”. 

0
January 15, 2021 | Business & Finance

What will the EU’s recovery look like?

Stephanie Horsman

The European Union is about to roll out its biggest stimulus package ever seen as focus turns from Covid testing and vaccination to economic recovery.

0