Finance
Government of the republic of Estonia approved loan terms
Tallink Grupp announced on May 8 that the Government of the Republic of Estonia approved the terms of a working capital loan to AS Tallink Grupp. The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 millio...
2020-05-18 09:27:41
Scorpio Bulkers purchased 50,000 common shares
Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced on May 11 that Scorpio Services Holding Limited (“SSH”), a related party, has purchased 50,000 common shares of the company at an average price of $17.15 per share in the open m...
2020-05-15 09:21:02
Optimarin meets growing demand for flexible financing soluti
Ballast water treatment (BWT) specialist Optimarin announced on May 11 that it has adopted a novel approach to meet growing demand for flexible financing solutions. The Norwegian headquartered business, which has now sold around 1000 of its ...
2020-05-14 09:27:53
JIC Leasing enters ship lease business
China's Dingheng Shipping turns out to have signed a sale & leaseback (S&LB) contract with its compatriot JIC Leasing for one chemical tanker that was built in 2010.  Under the deal, according to foreign press, Dingheng Shipping s...
2020-05-14 09:11:04
Sungdong finished rehabilitation procedure
The export-import bank of Korea announced on May 12 that Sungdong Shipbuilding & Marine Engineering it has finished the rehabilitation procedure on May 11 through the agreement of creditors.  From 2018, Sungdong Shipbuilding & Mar...
2020-05-14 09:05:19
Sale of Dae Sun accelerated
The sale of Dae Sun Shipbuilding & Engineering which entered into a voluntary agreement with creditors in 2010 is accelerated.  According to Korean investment bank industry, the Korea Eximbank (KEXIM), the main creditor bank of Dae Su...
2020-05-12 09:09:44
Bestway looks for restructuring investors
It turned out that China’s Shanghai Bestway Marine & Energy Technology (Bestway) announced that it is looking for new investors to carry out a restructuring its huge debt.    According to industry sources and foreign media, Best...
2020-05-11 09:07:43
Dorian closed 2 debt financing transactions
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), announced on May 6 that it has terminated two significant debt financing transactions, underscoring its...
2020-05-08 09:39:00
Imabari secures 7% of stake in Belships
It turned out that Japan's shipbuilding giants Imabari Shipbuilding has become a major shareholder of the Norwegian shipper Belships, listed in Oslo's stock market. According to industry sources and foreign media, Imabari Shipbuilding received...
2020-05-08 09:17:04
US helps small-sized shipbuilders
The U.S. Department of Transportation's Maritime Administration (MARAD) announced on April 20 that it subsidised its compatriot small-sized shipyards through a grant program. Under the 'Small Shipyard Grant Program', the MARAD provided 24 smal...
2020-05-04 09:13:49
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