TEU

GFL Environmental Inc. Announces Settlement of Tangible Equity Units

Retrieved on: 
Thursday, March 16, 2023

VAUGHAN, ON, March 16, 2023 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") today announced that it has satisfied its remaining obligations under its 6.00% Tangible Equity Units ("TEUs") previously issued on March 5, 2020, in connection with its initial public offering.

Key Points: 
  • VAUGHAN, ON, March 16, 2023 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") today announced that it has satisfied its remaining obligations under its 6.00% Tangible Equity Units ("TEUs") previously issued on March 5, 2020, in connection with its initial public offering.
  • Effective March 15, 2023, the purchase contracts of each outstanding TEU automatically converted into subordinate voting shares at the minimum settlement rate of 2.1940 plus cash in lieu of fractional shares.
  • See Appendix "A" for the pro forma impact of the conversion of the purchase contracts on the outstanding subordinate voting shares as at December 31, 2022, assuming the conversion took effect as at December 31, 2022.
  • GFL has also made the final installment payment on the senior amortizing note portion of each TEU in full satisfaction of all principal and interest payments thereunder.

EQS-News: Ernst Russ AG: Acquisition of 1,025 TEU container vessel Bakkafoss

Retrieved on: 
Thursday, March 16, 2023

Hamburg, 14 March 2023 - A joint venture between Eimskip and Ernst Russ AG acquired a second-hand vessel.

Key Points: 
  • Hamburg, 14 March 2023 - A joint venture between Eimskip and Ernst Russ AG acquired a second-hand vessel.
  • The container vessel to be named Bakkafoss with a slot capacity of 1,025 TEU was built in 2009 and is chartered out to Eimskip for a period of up to three years.
  • With this investment the partners enlarge their successfully operated ship portfolio.
  • The delivery of the vessel is scheduled for the second quarter of 2023.

Greystar Completes First Logistics Project in Houston

Retrieved on: 
Wednesday, March 8, 2023

"The Mill marks the first of many milestones to come for Greystar and our development pipeline as the demand for logistics continues to grow in Houston," said Brian Herwald, Managing Director of Development at Greystar.

Key Points: 
  • "The Mill marks the first of many milestones to come for Greystar and our development pipeline as the demand for logistics continues to grow in Houston," said Brian Herwald, Managing Director of Development at Greystar.
  • The Mill is Greystar's first logistics project in Houston and is located along Highway 249 with excellent access and visibility.
  • Greystar has also started construction on Beltway 35 Business Park, a 91-acre logistics development along the South Belt of Houston, comprised of five modern logistics facilities totaling approximately 1.3 million sq-ft.
  • The $1 billion Houston Port infrastructure project currently underway to widen and deepen the ship channel should be a key driver of logistics projects for Greystar in Houston.

+/- 971,000 SQUARE FOOT CLASS-A SPECULATIVE DEVELOPMENT NEARING COMPLETION; GREATER CHARLESTON, SC REGION - READY TO LEASE

Retrieved on: 
Monday, March 6, 2023

BERKELEY COUNTY, S.C., March 6, 2023 /PRNewswire/ -- The final development lot within the Omni Industrial Campus is set to deliver 1.33 million square feet in June of this year, filling out one of the most prominent and successful industrial parks in the Charleston region. Developed by a partnership between Clarius Partners and Stonemont Financial Group, leased by Bridge Commercial, the three-building project located on the 100 acre Lot 1 of the park will offer tenants occupancy ready, state-of-the-art, best in class, modern distribution and or manufacturing space.

Key Points: 
  • Both buildings feature 36' clear heights, ESFR sprinkler systems, LED warehouse lighting to 30 fc throughout and a full complement of 40,000 lbs.
  • These buildings will also feature speculative office space to allow for immediate occupancy in June of 2023.
  • Supplemental circulation/driveways provide multiple or separate access points between the two buildings benefitting both single tenant or multi-tenant occupancies.
  • For more information or media inquiries, please contact Deja Knight with Pearl Public Relations at [email protected] .

EQS-News: Hapag-Lloyd publishes 2022 annual report and announces forecast for the current financial year

Retrieved on: 
Thursday, March 2, 2023

Hapag-Lloyd today published its annual report for 2022, the year of its 175th anniversary.

Key Points: 
  • Hapag-Lloyd today published its annual report for 2022, the year of its 175th anniversary.
  • According to the report, Hapag-Lloyd’s EBITDA increased to USD 20.5 billion (EUR 19.4 billion).
  • EBIT grew to USD 18.5 billion (EUR 17.5 billion), and the Group profit improved to USD 18 billion (EUR 17 billion).
  • The detailed full-year 2022 figures, including explanatory notes relating to the performance measures EBITDA and EBIT referred to herein, can be found in the download section of the digital annual report: https://hlag-2022.corporate-report.net/en

Capital Product Partners L.P. Announces the Successful Delivery of the LNG Carrier ‘Asterix I’

Retrieved on: 
Tuesday, February 21, 2023

ATHENS, Greece, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ:CPLP), an international owner of ocean going vessels, today announced the successful delivery of the LNG carrier (“LNG/C”) ‘Asterix I’.

Key Points: 
  • ATHENS, Greece, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ:CPLP), an international owner of ocean going vessels, today announced the successful delivery of the LNG carrier (“LNG/C”) ‘Asterix I’.
  • The vessel was delivered on February 17, 2023 and has started her seven year employment with Hartree Partners Power & Gas Company (UK) Limited, who maintain an option to extend by an additional two years.
  • The vessel acquisition was financed through a combination of a $12.0 million cash deposit advanced to Capital Maritime & Trading Corp. (the “Seller”) in 2022, $184.0 million of debt drawn under a sale and leaseback transaction with CMB Financial Leasing (“CMBFL”) and $34.0 million of cash at hand.
  • The CMBFL lease has quarterly principal repayments of $2.2 million, a tenor of ten years and the option to repurchase the vessel at a predetermined price after the first anniversary of the arrangement, together with a purchase option of $96.5 million at the expiration of the lease in February 2033.

Textainer Group Holdings Limited Reports Fourth-Quarter and Full-Year 2022 Results and Increases Dividend

Retrieved on: 
Tuesday, February 14, 2023

CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry container.

Key Points: 
  • CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry container.
  • “We are pleased to deliver a record profit for 2022, confirming an extraordinary performance across all our key business fundamentals.
  • A conference call to discuss the financial results for the fourth quarter and full year of 2022 will be held at 11:00 am Eastern Time on Tuesday, February 14, 2023.
  • The call and archived replay may also be accessed via webcast on Textainer’s Investor Relations website at http://investor.textainer.com .

Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2022

Retrieved on: 
Tuesday, February 14, 2023

We remain committed to our strategy of accretive growth and delivering superior results for our shareholders.”

Key Points: 
  • We remain committed to our strategy of accretive growth and delivering superior results for our shareholders.”
    Three months ended December 31, 2022 compared to the three months ended December 31, 2021
    During the three months ended December 31, 2022, Danaos had an average of 69.8 containerships compared to 70.9 containerships during the three months ended December 31, 2021.
  • Our fleet utilization for the three months ended December 31, 2022 was 94.8% compared to 97.4% for the three months ended December 31, 2021.
  • Year ended December 31, 2022 compared to the year ended December 31, 2021
    During the year ended December 31, 2022, Danaos had an average of 70.7 containerships compared to 64.2 containerships during the year ended December 31, 2021.
  • Our fleet utilization for the year ended December 31, 2022 was 97.3% compared to 98.2% for the year ended December 31, 2021.

Triton International Limited Announces Date for Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

Retrieved on: 
Tuesday, January 31, 2023

January 31, 2023 - Triton International Limited (NYSE:TRTN) will host its fourth quarter and full year 2022 earnings conference call on February 14, 2023 at 8:30 a.m. Eastern Time.

Key Points: 
  • January 31, 2023 - Triton International Limited (NYSE:TRTN) will host its fourth quarter and full year 2022 earnings conference call on February 14, 2023 at 8:30 a.m. Eastern Time.
  • The earnings announcement and presentation will be released by 7:00 a.m. that morning and will be available on www.trtn.com .
  • The conference call will be Webcast, and an archive of the Webcast will be available one hour after the live call.
  • To listen by phone, please dial in approximately 15 minutes prior to the start time and reference the Triton International Limited conference call.

ZIM is introducing ZIM Colibri Xpress (ZCX) - a new premium line from South America West Coast to US East Coast

Retrieved on: 
Wednesday, February 1, 2023

HAIFA, Israel, Feb. 1, 2023 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. announced today the launch of ZIM Colibri Xpress (ZCX) - a new premium line from South America West Coast to US East Coast, commencing on the coming weeks from Chile.

Key Points: 
  • HAIFA, Israel, Feb. 1, 2023 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. announced today the launch of ZIM Colibri Xpress (ZCX) - a new premium line from South America West Coast to US East Coast, commencing on the coming weeks from Chile.
  • ZIM Colibri Xpress (ZCX), operated independently by ZIM, will deploy 6 X 1700 TEU's vessels on a weekly service with increased capacity for reefers.
  • It will offer excellent connection between the ports of West Coast of South America and the US East Coast with very short transit time between major ports in the region.
  • ZCX will also enable fast transshipments connecting ports in West Coast South America to and from East Coast South America.