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LATEST NEWS

April 20,2012
Delivery of newly built M/V Caravos Glory

On April 20, 2012 Iason Hellenic Shipping Co. Ltd (IHS) took delivery of M/V Caravos Glory, an 81,672 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, flies the Marshall Islands flag and is a sister ship to M/V Caravos Triumph delivered earlier this year.

This delivery signals our second vessel delivery for 2012, being part of a new building investment programme, established in 2010. Following completion of this programme, IHS will have reached a cargo carrying capacity of almost 2 million tonnes per annum whilst forming the basis for one of the most modern fleets in the industry.

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January 18,2012
Delivery of newly built M/V Caravos Triumph

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.

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October 27,2011
Successful completion of debt capital raising

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.

 

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