Finance
TOP Ships raises ship financing from China
TOP Ships Inc. (the “Company”) announced on December 23 that it has entered into agreement with a major Chinese Financier in relation to a financing of up to $60.2 million for its recently acquired two newbuilding ultra-high specification scr...
2019-12-26 08:51:18
KSS Line secures loan for VLGC trio
KSS Line turns out to have secured a loan for building three very large gas carriers (VLGCs). With the goal of raising KRW 228.1bn (about $196m) for construction of 84,000 VLGC trio it booked at Hyundai Heavy Industries (HHI) last June and Aug...
2019-12-26 08:46:22
3 companies bid for MAN E&S
It was reported in May that Volkswagen Group was reportedly seeking to sell MAN Energy Solutions (MAN E&S), a former MAN Diesel & Turbo company. Recently, Austrian gas engine and power generation module maker INNIO Corp, Japan's Mitsub...
2019-12-24 08:38:46
SBM divests 35.5% interest in FPSO operation
Following the announcement on December 11, 2019, with respect to the contract signature for FPSO Sepetiba, SBM Offshore announced on December 13 that it has entered into a shareholder agreement with its long standing business partners Mitsubishi ...
2019-12-18 09:04:05
Flex LNG makes profit in 3Q
Flex LNG has recently announced its unaudited financial results for the third quarter and nine months ended September 30, 2019.    Highlights: *Reported revenues of $29.8 million for the third quarter 2019, compared to $19.0 mill...
2019-11-25 09:16:20
Yinson inks refinancing deal for FPSO
Yinson Holdings Berhad turns out to have recently sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP Block, offshore Ghana. Th...
2019-11-25 09:11:42
DSME's business results worsen in 3Q
Daewoo Shipbuilding & Marine Engineering has recently announced through a regulatory filing that the Korean mammoth shipbuilder logged a revenue of KRW 1.9475trn ($1.67bn), an operating loss of KRW 256.3bn and a net loss of KRW 296.4bn for th...
2019-11-18 08:54:56
Green light on sale of Sungdong
HSG Heavy Industries, a Korean Architectural and Structural Metals Manufacturing company, has formed a consortium with its compatriot private equity fund (PEF) Curious Partners Investment in order to participate in a tender for sale of Sungdong S...
2019-11-15 08:44:50
KHI shipbuilding segment bleeds red ink for H1 fiscal year
Japan's Kawasaki Heavy Industries (KHI) reported operating loss of about JPY 1.47bn (around $13.5m) for the first half of current fiscal year (April to September 2019) in its Ship & Offshore Structure business segment. It is a turnarou...
2019-11-12 15:58:43
Seven interested in buying Sungdong
Sungdong Shipbuilding & Marine Engineering received letters of intent (LOI) from seven potential buyers by November 8 for its fourth M&A procedure.  According to investment bank industry, Samil PwC, advisor for the sale of Sungdon...
2019-11-12 08:49:27
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