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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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August 17,2011
HMS MONMOUTH responds to attack on MV Caravos Horizon

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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November 4,2010
Upgrade of two (2) Kamsarmax newbuildings to latest 82,000 dwt design

An agreement has been reached between Iason Hellenic Shipping Co. Ltd (IHS) and SPP Shipbuilding Co. Ltd (Korea) to upgrade the two (2) 81,000 dwt Kamsarmax dry bulk vessels originally on order to the latest 82,000 dwt Kamsarmax design recently launched by SPP Shipbuilding Co. Ltd.

In exercising the option to upgrade to the newest design, our principals will benefit from the increased transportation capacity, more powerful and efficient engine and overall further improved specifications currently available.

 

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