June 20, 2013
Arawak Port Development
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Port share offering 71% oversubscribed
The Arawak Port Development Company’s (APD) preference share issue was 71.4 per cent oversubscribed, Tribune Business was told yesterday, raising $15 million more than target.
Crowley exit '110%' driven by competition
Crowley’s decision to exit the Bahamian shipping market was driven “110 per cent by competition”, the Arawak Port Development Company’s (APD) chief executive said yesterday, while revealing that the collective cargo capacity to Nassau was currently 52 per cent empty.
Crowley confirms Bahamas pull-out
Contractors are bracing for a further 10 per cent increase to construction material prices after the only shipping company providing direct service to the Bahamas from Jacksonville last night confirmed it would pull out come early August.
Port's $21m offer 'fully subscribed' a week early
The Arawak Port Development Company’s (APD) $21 million preference share offering was “pretty much” fully subscribed one week before it was due to close, Tribune Business was told last night.
Port's $21m offering 'beats' market price
The Arawak Port Development Company’s (APD) planned $21 million preference share issue, set to come to market next week, will have debt servicing costs two percentage points lower than projected.
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