Day: August 18, 2020

Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the “Company” or “Golden Ocean”), a leading dry bulk shipping company, today announced its results for the quarter ended June 30, 2020.Highlights▪       Net loss of $41.3 million and loss per share of $0.29 for the second quarter of 2020 compared with net loss of $160.8 million and loss per share of $1.12 for the first quarter of 2020.▪       Adjusted EBITDA1 of $4.2 million for the second quarter of 2020, compared with $12.3 million for the first quarter of 2020.▪       Completed final eight of 23 planned installations of exhaust gas cleaning systems (“scrubbers”), and the Company had no material capital expenditure requirements as of the date of this report.▪       Utilized market strength in the end of the second and beginning of the third quarter of 2020 to secure additional charter...

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Norwegian Air Sweden AB has application for credit guarantee deniedThe Swedish National Debt Office has decided to reject the application by airline company Norwegian Air Sweden AB for a state credit guarantee under the guarantee programme for airlines.The Debt Office is mandated by the Government to issue credit guarantees for new loans to airlines that, on 1 January 2020, had a Swedish licence to conduct commercial aviation operations and that have their main operations or are domiciled in Sweden.The provision of guarantees shall be carried out in accordance with Ordinance 2011:211 on loans and guarantees (the guarantee ordinance) and according to certain specific conditions set out in the Government’s mandate.Norwegian Air Sweden AB (Norwegian) has applied to be able to receive a Swedish credit guarantee within the framework of the...

Norwegian Air Sweden AB får avslag på ansökan om kreditgarantiRiksgälden har beslutat att avslå flygföretaget Norwegian Air Sweden AB:s ansökan om statlig kreditgaranti inom ramen för garantiprogrammet för flygföretag.Riksgälden har i uppdrag av regeringen att ställa ut kreditgarantier för nya lån till flygföretag som den 1 januari 2020 hade ett svenskt tillstånd att bedriva kommersiell verksamhet inom luftfart, och som har sin huvudsakliga verksamhet eller sitt säte i Sverige.Garantigivningen ska ske i enlighet med förordningen (2011:211) om utlåning och garantier (garantiförordningen) samt enligt vissa särskilda villkor som framgår av regeringsuppdraget.Norwegian Air Sweden AB (Norwegian), har ansökt om att få ta del av en svensk kreditgaranti inom ramen för flyggarantiprogrammet.Av regeringsuppdraget framgår att en garanti endast får...