Finance
MARAD awards 24 small shipyards $19.6m grant
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced on April 21 that it has  awarded $19.6 million in discretionary grants to 24 U.S. small shipyards through the Small Shipyard Grant Program. The funding will ...
2020-04-22 09:22:16
Boskalis refinances its RCF
Royal Boskalis Westminster N.V. (Boskalis) announced on April 14 that it has refinanced its revolving credit facility (RCF) providing the company with EUR 500 million committed bank financing until April 2025. The new facility was coordinated by ...
2020-04-17 09:32:59
Lamprell updates operational restructuring
Lamprell announced on April 14 that it has provided an update on the implementation of its self-help programme aimed at achieving a significant reduction in the Group overhead and an improvement in operational efficiencies, as well as on the ...
2020-04-17 09:29:56
Vitol Group acquired Sinanju
Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group,announced on April 1 that it has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings (“Sinanju”). The Singapore Bunkering license holding entity has been r...
2020-04-06 09:46:31
OSG releases financing for newbuild
Overseas Shipholding Group, Inc. (NYSE: OSG) announced on March 30 that it has closed on a $33,150,000 loan led by Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc. for a term of 5 years. OSG’s subsidiary, OSG 204 L...
2020-04-03 09:20:00
HHI Group owed around $221m by TMT
It turned out that Taiwan’s Today Makes Tomorrow (TMT) seems to pay at least $221m to two South Korean shipyards (Hyundai Heavy Industries and Hyundai Smaho Heavy Industries). According to London court judgment, TMT must pay for building new...
2020-04-02 09:09:24
CSET invested private placement
Cosco Shipping Energy Transportation (CSET) has earned CNY 5.1bn ($717m) through its long-planned private placement in Shanghai. The Shanghai- and Hong Kong-listed CSET announced in a regulatory filing that it has issued a total of 731m new sh...
2020-03-26 09:10:29
Jadestone revises capital expenditure guidance
Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, announced on March 19 that it has provided an update on its 2020 capital expenditu...
2020-03-25 09:21:24
SuMi TRUST Bank signs with Poseidon Principles
Sumitomo Mitsui Trust Bank, Ltd. (President: Masaru Hashimoto; hereinafter“SuMi TRUST Bank”) announced on March 13 that it has become the first financial institution in Asian countries to sign on to the Poseidon Principles (*1), an initiative...
2020-03-18 09:30:14
KN gets finance for FSRU purchase
The Nordic Investment Bank (NIB) signed a 25-year loan agreement with Lithuanian liquefied natural gas (LNG) oil terminal operator AB Klaip?dos Nafta (KN). They agreed to fund the purchase of a floating storage regasification unit (FSRU) for LNG ...
2020-03-18 09:06:05
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