Finance
PSA Marine bags sustainability-linked loan from DBS
PSA Marine Pte Ltd (“PSA Marine”) announced on November 11 that it has been granted a three-year EUR 30 million equivalent sustainability-linked loan from DBS Bank (“DBS”), with strong confidence in its successful business expansion into ...
2020-11-17 09:22:40
HySHIP project obtains EU funding
As the Norwegian government announced a focus on the development and commercialization of hydrogen as a carbon-neutral fuel, ‘HySHIP’, which is hydrogen offshore innovation project, has been awarded EUR 8m in EU funding. According to an in...
2020-11-13 09:08:18
NAT secures fund for two newbuilds
Nordic American Tankers (NAT) turns out to have sorted out the financial problem on two new tankers. Currently, the Suezmax tankers are being built at Samsung Heavy Industries (SHI). According to an industry source and TradeWinds, NAT has si...
2020-11-06 09:08:02
KfW gives financial support to Finnlines
KfW IPEX-Bank (KfW), a subsidiary of the KfW banking group, has provided Helsinki-headquartered RoRo (Roll-on Roll-off) & passenger vessel operator Finnlines with loans of EUR 40m (about $48m) to support the construction of one of three hybri...
2020-11-02 09:10:42
MV Werften secures bridging loan
Germany shipbuilder MV Werften can receive a EUR 193m ($228m) bridging loan to help complete the construction of Genting Hong Kong’s cruise ship. Genting Hong Kong is MV Werften’s parent group. Previously, Genting Hong Kong said that it wi...
2020-11-02 09:09:42
Finnlines secures loan for RoRo trio
Helsinki-headquartered RoRo (Roll-on Roll-off) & passenger vessel operator Finnlines has recently secured a loan of EUR 30m (approximately $35m) for raising funds for purchasing three hybrid RoRo newbuilds. According to industrial source a...
2020-10-26 09:05:28
Viking Line gets state guarantees for loans
Viking Line announced on October 15 that the Finnish Government approved the State of Finland’s guarantees on Viking Line´s liquidity loans up to 38.7 million euros. Using the liquidity loans, Viking Line aims to further secure its cash positi...
2020-10-21 09:46:21
Dongil Steel solely makes bid for sale of Daesun
It emerged that Dongil Steel has solely made a bid for the sale of Daesun Shipbuilding & Engineering (Daesun). According to an industry source, the British private equity fund operator had been negotiation with the Export-Import Bank Of Ko...
2020-10-21 09:08:09
Høglund takes big stake in Vindskip project
Marine technology provider Høglund Marine Solutions announced on October 12 that it has taken a two-thirds stake in Vindskip AS, a company developing a wind and LNG-powered vessel concept. Børge Nogva, President of Høglund, has also become cha...
2020-10-16 09:48:58
Restructuring plan for Bestway approved by court
The plan for restructuring Shanghai Bestway Marine Engineering Design (Bestway) has recently been approved by a Chinese local court. According to industrial source and foreign media outlet, Bestway made an agreement with Xiamen Longhai Inves...
2020-10-08 09:10:57
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