Closing of Sale of Two Pure Car Truck Carriers - Norway Exports

Looking for a specific product?

Make a search for products & suppliers, articles & news.

Closing of Sale of Two Pure Car Truck Carriers

International Shipholding Corporation announced that the sales of two of its International Flag Pure Car Truck Carriers, ASIAN KING and ASIAN EMPEROR, pursuant to its previously disclosed agreement with Norwegian Car Carriers ASA, were successfully closed and the vessels were delivered to Norwegian Car Carriers ASA on March 26 and 27, 2012.

This transaction realizes a reportable gain of approximately $3.5 million in the first quarter. Proceeds paid down debt of about $35 million collateralized by these vessels and will strengthen ISH’s position to pursue accretive growth opportunities. DnB NOR Markets, Inc. acted as exclusive advisor to the Company.

About International Shipholding Corporation
International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of U.S. and international flag vessels that provide worldwide and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters and contracts.

Associated companies:


Related news

Latest news

Servogear propulsion technology enable sustainable Arctic cruises

We are really happy to have Servogear on board,

Students develop "health check" to prevent cyberattacks

It is very rewarding working with cyber security,

DOF Subsea contract awards

DOF Subsea has been awarded a contract in the Atlantic region...

Invitation to Elkem’s second quarter and half year 2018 results presentation

The company will host a presentation at 8.00 a.m. 

DNV GL checks technical and financial risks of three Norwegian wind farms totaling 294 MW

Working alongside Norwegian developer Norsk Vind...

Sperre AS on National Geographic

Last autumn, National Geographic was on Lake Tinn in Norway...

DNV GL secures Shell Penguins contract

The Penguins field is in 165 metres (541 feet) of water,

DNV GL helps Borealis to realise ambitious energy targets by cutting over 360,000 tons of CO2 annually

Over the course of four years, 

Kickstart your autumn with «The AKVAculture Day”

The event, which takes place in BI’s facilities at Marineholmen in Bergen,