TBS delays release of 2008 results
TBS International Ltd., an operator of tweendeckers and bulk carriers said Wednesday that it has decided to delay its earnings release and conference call for the fourth quarter and year-end 2008.
the carrier said the delay would allow it adequate time to complete the negotiation of waivers of certain financial covenants with respect to its credit facilities before disclosing its financial results
It said the waivers have become necessary due to the dramatic decline in the global economy and its impact on the dry cargo shipping industry.
TBS delays release of 2008 results
