Finance
VEB.RF loading massive injection in Zvezda
Russia’s state-run development bank VEB.RF is poised to grant massive financing to the country’s Far East yard, Zvezda Shipbuilding Complex (SSC Zvezda). TradeWinds and other industry sources quoted VEB.RF Deputy Chairman Nikolai Tsekhomsk...
2019-04-09 15:11:38
Teekay Offshore got financing for new shuttles
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has secured a new $414 million long-term debt facility that will be used to finance four LNG-fueled Suezmax DP2 shuttle tanker newbuildings.&nbs...
2019-04-08 11:30:29
VEB.RF to arrange massive financing for Zvezda’s newbuildi...
Russian development bank VEB.RF is poised to grant massive financing to Zvezda Shipbuilding Complex (SSC Zvezda), sources told. Local media reported that VEB.RF Deputy Chairman Nikolai Tsekhomsky said the bank is mulling on a total of around R...
2019-04-05 15:14:45
CSICL forms blockchain finance platform
China Shipbuilding Industry Co Ltd (CSICL), the Shanghai-listed company of China Shipbuilding Industry Corp (CSIC), announced a plan to use blockchain technology for upstream suppliers. According to China's local media outlet, CSICL has signed...
2019-04-04 08:12:13
BNK-KDB invest in shipping real asset
Busan Bank is expanding its exposure to ship financing. Busan Bank announced that the company is investing in ‘Multi-Asset KDB Ocean Value-up Private Fund 15th’ with KDB, which is operated by Multi Asset Global Investments. Busan Bank i...
2019-04-01 15:36:40
d’Amico posted S&LB contract
d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the “Company”or “DIS”), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. (...
2019-03-29 08:32:21
China CSSC returns to profit in three years
China CSSC Holdings, a listed arm of China State Shipbuilding Corporation (CSSC), turns out to have turned to the black in 2018 after two years of losses, escaping from shares suspension on the Shanghai Stock Exchange (SSE).  The company ...
2019-03-25 15:15:54
HMM leading scrubber fund
Hyundai Merchant Marine (HMM) announced on March 21 that Korean maritime players including HMM signed an MOU for scrubber installation. The signing ceremony was held at the Korea Shipowners' Association (KSA), in the presence of around 50 high...
2019-03-22 16:03:02
KOBC welcoming applicants for NB aid program
The Korea Ocean Business Corporation (KOBC) is receiving applications for 2019 newbuilding aid program from March 20. The program is arranged to support domestic shipping companies who are planning to add new, efficient, green tonnages in the fle...
2019-03-22 13:47:25
NYK signs ESG management support loan
NYK entered into a 9 billion yen syndicated loan agreement in which the proceeds will be used solely for the purpose of funding environment-friendly projects. This is Japan’s first syndicated loan to be certified by Japan Credit Rating Agency L...
2019-03-21 08:24:06
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