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Vessel financing approval

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RNS Number : 5975R
Ocean Wilsons Holdings Ld
12 December 2016
 

Ocean Wilsons Holdings Limited

Vessel financing approval

 

Our principal operating subsidiary, Wilson Sons Limited made the following announcement to the Brazilian and Luxembourg Stock Exchanges.

Wilson Sons Limited ("Wilson Sons" or "the Company"), announces to its shareholders that on 9 December 2016, the Brazilian Official Diary of the Union published a decision of the Board of Directors of the "FMM" ("Marine Merchant Fund") approving the Company's request for priority status to fund the repair and maintenance of 12 tugboats between 2017 and 2018 in the order of US$ 9.4 million. Wilson Sons will continue the process of contracting the debt with one of the FMM's financial agents.

This is the first time that a port towage company has obtained funding for this type of service in Brazil.

The repair and maintenance of the 12 vessels will take place at the Wilson Sons Shipyard, located in Guarujá, (state of São Paulo).

 

Enquiries

Company Contact

Keith Middleton

 

+1 441 295 1309

Media

David Haggie

Haggie Partners LLP   

                        

+44 20 7562 4444

Cantor Fitzgerald Europe

David Foreman, Will Goode (Corporate Finance)

+44 20 7894 7000

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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