Nordic American Tankers get financing
Nordic American Tankers Limited announced on october 24 that it has signed the main terms with a major international financial institution for the financing of the outstanding commitments, due on delivery, for the three Suezmax newbuildings to be...
KEXIM, ”RG bar needs to be lowered“
Sung-soo Eun, Chairman and President of The Export-Import Bank of Korea (KEXIM) said on 24 that “RG standard needs to be lowered if domestic shipbuilders jointly win the relevant order or domestic shipping company made the deal,” in the repor...
Tianjin secures financing for asphalt carrier
Tianjin Southwest Maritime, a Chinese tanker owner is understood to secure ship financing from Guangdong Financial Leasing. According to foreign media, a financing deal is made for two new 7,800dwt asphalt carriers of Tianjin, with details sti...
Keppel posts net profit growth
For the nine months ended 30 September 2017, Keppel Corporation Limited (Keppel) reported on October 19 a net profit of S$712 million, 11% higher than the S$641 million for 9M 2016. Group revenue of S$4,419 million for 9M 2017 was S$408 million, ...
GTT posted revenue of first nine months
Gaztransport & Technigaz (GTT), an engineering company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, presented its results for the first nine months of 2017 on October 18.&...
Scorpio Bulkers announces a new loan facility
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced on October 18 that the Company has received a commitment for a loan facility of up to $85.5 million from Nordea Bank AB (publ), New York Branch, and Skandina...
KEXIM to finally sell DaeSun
The Export-Import Bank of Korea (KEXIM), the main creditor bank of Daesun Shipbuilding & Engineering, announced on 19 that it will post the public notice of sale of Daesun, starting to receive indicative offers. The creditors, who are curr...
USTDA supports wind energy in Vietnam
The U.S. Trade and Development Agency (USTDA) announced on October 11 that it awarded a grant to Power Engineering Consulting Joint Stock Company 2 (PECC2), a leading Vietnamese power engineering company, to support development of a 100 megawatt ...
M&A bid for STX rejected
STX Heavy Industries announced on October 17 that a M&A tender for the company has been rejected, resulting from the failure of finding a preferred bidder. The Korean shipbuilder noted, "We plan to carry out the sale again." STX's reh...
CFS hand over control to creditors
Ching Fu Shipbuilding (CFS), the largest private shipbuilder in Taiwan recently lost its control to credit banks. According to foreign media, the creditors have taken over the control to prevent the bankruptcy of the yard and keep it running. ...
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