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...
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...
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...
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...
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, ...
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...
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...
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...
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...
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...
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