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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

Star Cruises rights issue targets $200M

SINGAPORE 10 November – Star Cruises is raising $200M in a rights issue to partly fund three newbuildings, the total contract value of which is $3Bn. The remaining amount will be raised through bank borrowings and internally generated cash. The rights issue, which is fully underwritten, will strengthen subsidiary NCL’s competitive position because it will pave the way for investing in “third generation” freestyle cruising ships, chairman Lim Kok Thay said today. The ships, which will have 4,200 passenger berths, will be built by Aker Yards France and will be delivered from 2009 to 2011. The Lim family and Resorts World have given an undertaking to take up their portion of the rights. The family is also negotiating to “sub-underwrite” the public portion of the rights. The respective portions have not been revealed. Star Cruises, which is headquartered in Malaysia, has teamed up with Group affiliate Genting International, which has bid for Sentosa Integrated Resort in Singapore. The group will leverage on Star's Asia and US network to generate “millions of potential tourists” annually.

Via Fairplay.co.uk

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This entry was posted on viernes, noviembre 10, 2006 at 11:45 a. m.. You can skip to the end and leave a response.

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