Cavotec holds capital base

Industry Database

Plans to raise significant capital have been put on hold by Cavotec partially due to the NASDAQ OMX Stockholm-listing firm having a “very strong balance sheet” and recently signing a €80m ($110m) Credit Facility agreement.

Cavotec chairman Stefan Widegren said as the firm is continuing to deliver “exceptional results” while the underlying uncertainty in financial markets remains, opting for a capital increase at this point was considered to “give a wrong signal to our investors as well as the market in general”.

LATEST PRESS RELEASES

ShibataFenderTeam continues involvement in Surinam

Since 2012 ShibataFenderTeam fenders support the smooth berthing operations from VABI in Surinam. Read more

Enhanced Hazcheck Restrictions Portal Launched, 1 May 2018

Exis Technologies, with the support of leading shipping and freight insurers, TT Club and UK P&I Clu... Read more

Successful participation and presentation at exhibition in Beira, Mozambique

The exhibition series ‘Intermodal Africa’ organized by Transport Events is always a good possibility... Read more

Protectors of Esbjerg's new East Port quay

The German based Headquarters of ShibataFenderTeam recently completed an order for the Port of Esbje... Read more

Aquaplot joins Technology Transfer Programme of European Space Agency

Start-up for ocean route planning enters ESA’s Business Incubation Centre (BIC) Read more

AMRO Increases Scope To Cover The GCC Region

AMRO, a specialist marine equipment and services provider, is proud to announce that they will now c... Read more

View all