Norsepower concluded equity financing
Norsepower Oy Ltd., the leading provider of low maintenance, software operated, and data verified auxiliary wind propulsion systems, announced that it has concluded its equity financing round, raising €3.6million in funding to drive the company...
SCF Group banks loan for new LNGC
Sovcomflot (SCF Group) announced that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW IPEX-Bank GmbH, and Crédit Agricole Corporate a...
BHGE announces secondary offering
Baker Hughes, a GE company (NYSE:BHGE) (“BHGE” or the “Company”) announced that General Electric Company (“GE” or the “selling stockholder”) has commenced a secondary offering (the “offering”) of 92,000,000 shares of BHGE Clas...
Foremost inks financing for two BC newbuildings
Foremost Group, a US-based bulker company, has secured financing for its newbuilding duo. According to industry sources, the shipowner has succeeded in securing ship loan of around $41m from First Bank of Taiwan. The money goes to two 84,70...
'12th Marine Money Forum' is held
Under a partnership with the Export-Import Bank of Korea (KEXIM), the Korea Development Bank (KDB), the Korea Trade Insurance Corporation (K-sure), the Busan Economic Promotion Agency (BEPA) and Marine Money, Busan Metropolitan City hosted the 12...
Okeanis Eco Tankers finances HHI VLCC newbuilds
Okeanis Eco Tankers Corp. announced that it has secured firm commitments for two secured loan facilities for an aggregate amount of $116.3 million from Credit Suisse AG and BNP Paribas in respect of the financing of two of its VLCC newbuildings, ...
Special loan program accepted for equipment industry
A loan support program for shipbuilding and offshore equipment provider, which was suggested by Busan Metropolitan City, has been accepted by the Korean government. Last September, Busan, Ulsan Metropolitan City, South Gyeongsang P...
WFW advises Höegh LNG on K-Sure backed HHI FSRU
Watson Farley & Williams (“WFW”) advised Höegh LNG Ltd (“Höegh LNG”) on the US$200m debt financing for its ninth floating storage and regasification unit (“FSRU#9”) (tbn “Höegh Gannet”) currently under construction at...
Chinese leasing cuts brilliant figure
It is said that China cuts a brilliant figure in global ship financing circles. During the 'Greek Ship Finance Forum' that has recently been held in Athens, Greece, about 400 industry experts maintained that Chinese leasing, which accoun...
"Korea to bring financial support for shipyards"
Choi Jong-ku, Chairman of the Financial Services Commission (FSC) of Korea, stressed, "We will redirect guidance policy finance and restructuring program for Korean shipbuilding industry ecosystem, and added, "We will also bring financial support...
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