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On January 17, 2012, Iason Hellenic Shipping Co. Ltd (IHS) took delivery of M/V Caravos Triumph, an 81,664 dwt Kamsarmax bulk carrier which has been added to the fleet under management. The vessel was built at SPP Shipbuilding's Sacheon shipyard in Korea and flies the Maltese Flag.

It is the first of two 82,000 dwt dry bulk vessels on order and one of a very few Kamsarmaxes in service carrying SPP's latest design.

This milestone represents the first vessel delivery for 2012, being part of a new building investment programme established in 2010. Following completion of such program, IHS will have reached an annual cargo carrying capacity of circa 2 million tonnes whilst forming the basis for one of the most modern fleets in the industry.

Iason Hellenic Shipping Co. Ltd (IHS) has successfully completed a debt capital raising program for three (3) dry bulk Kamsarmax newbuildings under management. IHS principals have entered into three (3) separate loan agreements with two major European shipping lenders for the financing of their respective vessels on order.

These financing arrangements carry a 7-year term and alongside equity capital already committed complete the financing requirements for the fleet on order and under management. Two of these term loan arrangements are structured as syndicated loan facilities expected to be marketed to Chinese and/or other Asian financial institution.

 

MANAMA – HMS MONMOUTH (F235), operating under the Combined Maritime Forces, came to the aid of the MV CARAVOS HORIZON who had come under attack in the Southern Red Sea.

The Maltese-flagged, Greek-owned MV CARAVOS HORIZON, a 69,000 ton bulk carrier, was on passage south through the Red Sea when boarded by six armed men. The 24 Filipino crew took shelter in the ship's citadel (a secure room within the ship).

MONMOUTH, known as the "Black Duke", was patrolling 90 miles to the South when alerted to the situation. The Combined Task Force (CTF) 151 Commander, Captain James Gilmour of the Royal New Zealand Navy tasked MONMOUTH to respond to the distress call and the warship immediately diverted, accelerating to top speed to intercept the vessel.

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