 A Unique and Growing Shipping Franchise
TBS provides worldwide shipping solutions to a diverse client base of industrial shippers through its Five Star Service: ocean transportation, projects, operations, port services, and strategic planning. The TBS shipping network operates liner, parcel and dry bulk services, supported by a fleet of multipurpose tweendeckers and handysize/ handymax bulk carriers, including specialized heavy-lift vessels and newbui... More >> |
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| 12/20/11 | TBS International Announces Agreements to Deleverage Its Balance
Sheet and Refresh Its Fleet| DUBLIN, IRELAND, Dec 20, 2011 (MARKETWIRE via COMTEX) --TBS International plc (NASDAQ: TBSI) today announced that it has
reached agreements with its bank lenders on terms to reduce its
leverage and refresh its fleet. As part of these agreements, TBS and
the syndicates led by Bank of America and DVB Group Merchant Bank
have agreed on terms to restructure outstanding indebtedness that
contemplate exchanging existing senior debt for new senior debt and
equity and the refreshing of the TBS fle... |
|  | | 12/02/11 | TBS International Reaches Agreement With Banks to Extend Forbearance| DUBLIN, IRELAND, Dec 02, 2011 (MARKETWIRE via COMTEX) --TBS International plc (NASDAQ: TBSI) previously announced in
September 2011 that, with the agreement of the requisite lenders
under its various financing facilities, it would not make certain
principal payments due on its financing facilities for the period
through December 15, 2011. Today the Company is announcing that it
has reached agreements in principle with its lenders to restructure
the Company's debt. To permit documentation o... |
| | | 11/17/11 | TBS International Continues Discussions With Its Bankers| DUBLIN, IRELAND, Nov 17, 2011 (MARKETWIRE via COMTEX) --TBS International plc (NASDAQ: TBSI) announced today that it is
continuing its discussions with its consortium of bankers to
restructure its bank debt and alleviate some of the pressure on its
cash flow. The discussions continue to focus on reaching agreements
with all of the Company's different lending syndicates.
While our discussions with our lenders have not reached the stage
where the terms of a restructuring have been fully ... |
| | | 11/08/11 | TBS International plc Reports Third Quarter and Nine Months 2011
Financial Results| DUBLIN, IRELAND, Nov 08, 2011 (MARKETWIRE via COMTEX) --TBS International plc (NASDAQ: TBSI) announced today its financial
and operating results for the third quarter and nine months ended
September 30, 2011.
Third Quarter and Nine Months 2011 Highlights:
Metric Q3 2011 Q3 2010 9M 2011 9M 2010
---------- ---------- ---------- ----------
Revenue (thousands) $ 95,686 $ 99,754 $ 282,647 $ 311,063
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