On June 17, Scan Global Logistics Holding ApS (“Scan Global”) successfully placed a DKK 375 million senior secured bond loan. The bonds, maturing in 2018, will bear a floating coupon of 3 months Cibor +7.00% (paid quarterly). The proceeds from the bond issue will be used to refinance existing debt. The bonds will be listed on NASDAQ within one year from the issue date.

German MAUT increase

In January 2013, the Swedish Government decided to introduce congestion taxation in the Gothenburg region. In January 2015, they decided to add it to the Stockholm region as well. The purpose of this taxation is to make the streets easily passable, to ensure a better environment and to cover expenses related to the vast infrastructure at traffic bottlenecks.

Some terminals at the port has resumed operations, but it is still too early to predict the recovery time of vessel operations since many indispensable facilities have been damaged.

We still suggest to our customers to do factory loading (export) instead of terminal loading during these two weeks, since the port terminal is not yet fully operational.