Finance
Sovcomflot concludes LNGC financing facility
Sovcomflot (SCF Group) has signed a new USD 297 million limited recourse credit facility, for up to ten years, with three leading international banks: ING Bank; KfW IPEX-Bank, and Crédit Agricole Corporate and Investment Bank. The funds will ...
2019-05-09 10:19:43
Teekay announced 100M FPSO refinancing
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO units. The previous c...
2019-05-07 08:23:37
India's ABG Shipyard goes to liquidation
India's largest privately-owned shipyard ABG Shipyard will go through the process of liquidation under the recent order of the National Company Law Tribunal (NCLT). According to industrial source and foreign press, Liberty House, which had sug...
2019-05-02 13:58:21
Flex LNG signs $550m of financing for LNGCs
Flex LNG LTD (OSE:FLNG) ("Flex LNG" or the "Company") announced that it has entered into a sale-charterback transaction with Hyundai Glovis Co.  Ltd. ("Hyundai Glovis") for the vessels Flex Endeavour and Flex Enterprise.  Under the agre...
2019-04-30 11:02:06
HHIC stocks resume trading
Hanjin Heavy Industries and Construction (HHIC) stocks, whose trading was suspended due to the capital impairment caused by HHIC-Phil, resumes its trading from April 23. The trading of HHIC stocks has been suspended since February 13. Since th...
2019-04-23 13:46:56
Navios took S&LB move for three MR2s
Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction (“Transaction”) for three MR2 product tank...
2019-04-22 08:36:30
MOF ready to grant pro-environment aids
The Ministry of Oceans and Fisheries (MOF) of Korea announced that the ministry selected the beneficiaries of its ‘2019 environmental marine equipment aid program.’  According to the statement, 16 shipping companies’ 113 ships and 12 s...
2019-04-17 15:55:07
Scorpio Bulkers announces more S&LB deal
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that the Company has agreed to sell and leaseback six Ultramax vessels (SBI Antares, SBI Bravo, SBI Hydra, SBI Leo, SBI Lyra and SBI Maia) to AVIC Inte...
2019-04-17 11:05:54
HHI sold all equipment arms
Hyundai Heavy Industries (HHI) has sold all of its shipbuilding equipment arms.  The Korean shipbuilding tycoon has recently announced that it sold Hyundai Hyms to Hercules Holdings, a consortium comprised of Korean financial institutes, ...
2019-04-15 14:48:12
3rd sale of Sungdong opened
The third public sale of Sungdong Shipbuilding & Marine Engineering has been opened. Samil PwC, advisor for the sale, gave public notice of the Sungdong M&A on April 15.   The sale is carried out under a competitive tendering...
2019-04-15 14:19:28
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