Fishing vessel employment agencies and fish processing

Welcome to Molajaya Samudera Crew Management

PT Molajaya Samudera Crew Management is a recruitment and placement company located in Jakarta and Bali, Indonesia.

We have been doing recruitment and placement of highly qualified and experienced Indonesian crew, fishing crew & seafood processor for working on fishing vessel and seafood processing plant in Asia, Australia and Europe for more than 26 years.

We are committed to meet our Principal’s expectation by continuously improve our Quality Management System in order to guarantee the quality and language skill of the crew, fishing crew & seafood processor that we supplied.

AquaChile agrees new loan for USD 290 million
Salmon farming cages belonging to AquaChile. (Photo: AquaChile)

Click on the flag for more information about Chile CHILE
Wednesday, June 24, 2015, 23:30 (GMT + 9)

AquaChile has agreed with a group of creditor banks on the main terms and conditions for a new syndicated loan for USD 290 million and is in the process of execution of definitive documentation.
Almost 85 per cent of this loan will be used to pay all the bank debt, which is USD 246.3 million, AquaChile said in one essential fact sent to the Superintendency of Securities and Insurance (SVS).
According to the company, the availability of additional loan will "allow it to have the necessary flexibility to ensure efficient and effective management of inventories in this business cycle."
The Chilean salmon firm also informed it had agreed with creditor banks on a 30 day extension of the installments of the company's bank debt sessions, falling due on that date, for USD 122.5 million and agreed to pay them to the deadline referred. In addition, on the same date it will prepay the entire remaining debt maturing in 2018.
AquaChile explained that the term of the new bullet loan is 1.5 years and said it includes conditions as to interest rates, covenants terms, collateral and cross warranties among some of the subsidiaries of AquaChile.
The interest rate will be defined on a biannual basis and correspond to the 180-day Libor rate plus an annual margin.
A couple of weeks ago, AquaChile and Marine Harvest announced that, by "mutual consent" they would not carry out a merger that, if undertaken, would have given rise to the largest salmon firm from Chile.

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