Welcome to jctrans.net , Join Free |  Sign In
GMT+8 TUESDAY  13:40 2013/01/29 中文站
Exhibitions

Executive Talks

1of5

Interview with Milad M Istefanous, Executive Director of Philomina Global Services Co. Ltd.

Interview with Milad M Istefanous, Executive Director of Philomina Global Services Co. Ltd.

Philomina Global Head office located at Khartoum City that is well known, and having branches @ Port Sudan (Seaport City), and our modern office systems and all staff to give excellent services to our potential customers and worldwide associates.

Interview with Filipe Garcia, Branch Manager of Inicio transitarios Lda

Interview with Filipe Garcia, Branch Manager of Inicio transitarios Lda

Since the year 2000 INÍCIO TRANSITÁRIOS has been dedicated with total commitment to the creation of door-to-door transport solutions, regarding maritime and air logistics, on an international basis.

Interview with Ken Zhu,of Coeffort (Shanghai) Logistics & SCM Co., Ltd

Interview with Ken Zhu,of Coeffort (Shanghai) Logistics & SCM Co., Ltd

Coeffort was established in January 2015, core business of Coeffort is supply chain management and provide professional solutions, including supply chain financing, supply chain design, procurement and distribution, international customs clearance agent, executive stock trusteeship, Department of outsourcing, outsourcing processing and distribution management, supply chain services. I hope our business can do for customers "time Save", "money Save", "way touching One".

Interview with Arturo Chavez, Commercial Manager  of Smart Logistics Group

Interview with Arturo Chavez, Commercial Manager of Smart Logistics Group

SMART LOGISTICS GROUP is a premier transportation and logistics company, with coverage in SPAIN/EUROPE. Our value-added services portfolio includes import and export freight management, truck brokerage, intermodal, load/mode and network optimization, and global visibility. We provide freight forwarding, customs brokerage, warehousing and all other logistics services.

Interview with Ordan Cargo, Managing Director of Ordan Cargo Ltd

Interview with Ordan Cargo, Managing Director of Ordan Cargo Ltd

We are " ORDAN CARGO LTD" a freight forwarding & logistics company based in Tel Aviv, Israel since 2001 having presences at all main ports ASHDOD/HAIFA/TLV for Import/Export/Cross SEA/AIR. We provide excellent and creative logistics solutions as well as quality service with competitive prices.

ZIM completed its Debt Restructuring Agreement

Source:transportweekly    2014-7-22 9:34:00
ZIM announces the completion of its comprehensive debt restructuring, paving the way for a reinvigorated group to capitalize on the recovery in the global trade. Following 18 months of intensive negotiations with all of its creditors, ZIM completed its restructuring yesterday when Israel Corporation invested $200 million of new equity into the company.
ZIM’s lending banks, ship-owners and bondholders have agreed to support a restructuring plan as a result of which creditors converted approximately $1.4 billion of ZIM’s total $3.4 billion debt and liabilities into a 68% ownership stake in ZIM. Israel Corporation invested $200 million of new equity in return for 32% of the shares in ZIM and will also provide a $50 million receivables financing facility. 
ZIM’s remaining debt will mainly consist of debt secured by vessels with an amortization profile that is linked to ZIM’s business plan and unsecured notes listed on the Tel Aviv Stock Exchange with a maturity of nine years. In addition, ZIM has restructured its charter payments to ship-owners as a result of which they will be reduced by 46% overall.
ZIM’s restructuring provides the company with a stable, long-term capital structure. The company will now focus on the implementation of its business plan, with a view to achieving profitability in the near future. 
ZIM’s CEO, Rafi Danieli stated:
“ZIM's board charted the strategy of managing the complex negotiations towards the comprehensive restructuring agreement on the one hand, while persisting with the efficiency programs, which brought ZIM’s performance, for the first time in many years, to the industry average, on the other. 
The Israel Corporation's willingness to forego its ZIM shares and transferring them to the creditors has been a significant contribution to the restructuring, and the $200 million investment enabled the successful conclusion of the process. 
We deeply appreciate the support from our banks, ship-owners and, as well as our customers and suppliers, throughout our restructuring period. We wiil continue to focus on upgrading the services to our many loyal customers. 
I would like to especially thank Evercore and Sullivan & Cromwell, our global financial and legal advisors, and GKH, Lipa Meir and S. Friedman, our Israeli and maritime legal advisors, for all of their support and advice throughout our restructuring.”