Hili Company, through its shipping and logistics division Mariner Shipping, have acquired Arrow Express Ltd. Arrow Express Ltd is a prominent transportation company specialising in versatile courier services, customs brokerage, logistics, warehousing and transhipment together with air freight and sea freight services.
Through this acquisition, Mariner Shipping will enhance its domestic courier services and boost its yacht agency and yacht concierge operations.
Hili Company’s property division – Hili Twenty Two, have launched Strickland House. Strickland House offers Valletta’s only new build residences. A luxurious collection of 36 apartments and 1 town house with underground parking for sale in the heart of Malta’s capital city.
Hili Company’s container terminal in Latvia, Baltic Container Terminal have commissioned a solar park over the rooftop of one of its warehouses. Spread over 11,600 sqm, the Solar park consists of 1,974 solar panels with a capacity of 1.1MW.
Works have commenced on the quay extension at Hili Company's container terminal in Latvia
Works on the quay extension at Hili Company’s container terminal in Latvia, Baltic Container Terminal, have commenced. The quay will be extended by 57m thus bringing the total quay length to 506m.
The extension, which will allow for servicing two large vessels simultaneously, will also significantly speed up operations at the terminal.
This project is partly being 50% co-financed by the European Climate, Infrastructure and Environment Agency (CINEA) military mobility project. This is being carried out in conjunction with Riga Freeport Authority under project objective of “Enhancement of the Dual Use Capacity of Riga Port by investment in Road, Railway Access and Berth Infrastructure.”
See also: https://rop.lv/en/news/new-projects-strengthen-competitiveness-and-promote-military-mobility-port-riga
Mariner Finance p.l.c announces the issue of €44 million in unsecured bonds, with a coupon of 5% redeemable in 2032. The bonds have a nominal value of €100 per bond issued at par.
More information is available from the prospectus dated 21 November, 2022, which is available for download on https://mfplc.com.mt/bond-issue-eur44000000-5-unsecured-bonds-2032.
The approval of the Prospectus by the MFSA should not be understood as an endorsement of the Bonds offered and admitted to trading on the Official List of the MSE. Prospective Investors wishing to acquire Bonds of the Issuer should read the Prospectus before making any investment decision, to fully understand the potential risks and rewards associated with investing in the Bonds. The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. An investment in the Bonds of the Issuer may not be suitable for all Investors and Prospective Investors are to consult their Financial Adviser so as to ensure the suitability of investing in the Bonds.