Finance
SHI’s new stock price fixed
The price of Samsung Heavy Industries’ (SHI’s) newly issued stocks is now fixed at KRW5,870 per share. Securities firms participating in the trade see that there would be no forfeited shares emerged, as the closing price on April 9 was KRW...
2018-04-11 07:13:19
SCF Group concludes long-term credit facility
PAO Sovcomflot (SCF Group) announced on April 6 that it has signed a new USD 252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, a...
2018-04-10 07:25:19
WFW advises MUFG on K-Line LNGCs
Watson Farley & Williams (“WFW”) has advised MUFG Bank (“MUFG”), Japan’s largest bank, as facility agent for a syndicate of international lenders comprising itself, Development Bank of Japan Inc. and Societe Generale on the US$180m ...
2018-04-09 07:09:19
Samsung Electronics go into SHI capital increase
Samsung Electronics announced through a regulatory filing on April 6 that it is participating in Samsung Heavy Industrie’s capital increase. With Samsung Electronics’ participation, all three holders from Samsung Group (Samsung Electronics...
2018-04-09 07:02:55
JBIC provides PF for Sepia FPSO
Japan Bank for International Cooperation (JBIC) recently announced that it is providing a Dutch-registered company SEPMV30 with an offshore project financing, whose member lists contains various Japanese companies. The financial is estimated to b...
2018-04-06 07:08:50
Scorpio Bulkers announces commitment for new loan
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced on April 3 that the announced today that the Company has received a commitment for a loan facility of up to $12.75 million from a leading European financial ...
2018-04-05 07:31:19
Cape sees 188% profit upturn
Cape announced on April 3 that the Korean ship cylinder liner giant logged a KRW 17.6bn (around $16.65m) operating profit in 2017, representing an 188.2% upturn against a year ago. During the same period, Cape's revenue and net profit stood at KR...
2018-04-04 07:08:07
Frontline sold final shares in DHT Holdings
Crude oil tanker player Frontline has now sold off all of its shares in rival DHT Holdings. Frontline’s annual report, which was released last week, said the final stock was sold during the first quarter of 2018. Oslo and New York-listed ...
2018-03-29 07:04:19
Damen finalizes negotiations on Mangalia shipyard
Negotiations between Damen Shipyards Group and the Romanian Government on the Mangalia shipyard were completed on the evening of March 21st.  Rene H. Berkvens, CEO of Damen says, “We are very pleased with the positive and constructive d...
2018-03-27 07:19:32
DSME receives unqualified opinion
Shinhan Investment Corp., a Korean securities brokerage and investment banking house, has reset its buy rating to 'buy' for Daewoo Shipbuilding & Marine Engineering (DSME) on March 23.  Hwang Eo-Yeon, a researcher from Shinhan Investm...
2018-03-27 07:08:22
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