corporate debt
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Air Cargo
Mounting debt to shackle airlines’ pandemic recovery, group says
Airlines are in a no-win situation. They need money now to keep from going under but know that debt payments will make it more difficult…
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Asia-Pacific
NYK takes out Japan’s first “sustainability-linked” loan
Japanese shipping giant Nippon Yusen Kaisha (JPX: 9101) has taken out a 50 billion yen ($456.7 million) loan with an adjustable interest rate based on…
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American Shipper
DOWN UNDER TRUCKING: regulator and police probe truck remapping
Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In…
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American Shipper
Debt-burdened HMM to issue $562.4 million convertible bond
South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond.…
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Company earnings
YRCW has a good operating quarter and year, and solid progress on the balance sheet
Debt levels are down and EBITDA coverage for that debt is up as the LTL carrier has a strong year and quarter.
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