Finance
Flex LNG makes profit in 3Q
Flex LNG has recently announced its unaudited financial results for the third quarter and nine months ended September 30, 2019.    Highlights: *Reported revenues of $29.8 million for the third quarter 2019, compared to $19.0 mill...
2019-11-25 09:16:20
Yinson inks refinancing deal for FPSO
Yinson Holdings Berhad turns out to have recently sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP Block, offshore Ghana. Th...
2019-11-25 09:11:42
DSME's business results worsen in 3Q
Daewoo Shipbuilding & Marine Engineering has recently announced through a regulatory filing that the Korean mammoth shipbuilder logged a revenue of KRW 1.9475trn ($1.67bn), an operating loss of KRW 256.3bn and a net loss of KRW 296.4bn for th...
2019-11-18 08:54:56
Green light on sale of Sungdong
HSG Heavy Industries, a Korean Architectural and Structural Metals Manufacturing company, has formed a consortium with its compatriot private equity fund (PEF) Curious Partners Investment in order to participate in a tender for sale of Sungdong S...
2019-11-15 08:44:50
KHI shipbuilding segment bleeds red ink for H1 fiscal year
Japan's Kawasaki Heavy Industries (KHI) reported operating loss of about JPY 1.47bn (around $13.5m) for the first half of current fiscal year (April to September 2019) in its Ship & Offshore Structure business segment. It is a turnarou...
2019-11-12 15:58:43
Seven interested in buying Sungdong
Sungdong Shipbuilding & Marine Engineering received letters of intent (LOI) from seven potential buyers by November 8 for its fourth M&A procedure.  According to investment bank industry, Samil PwC, advisor for the sale of Sungdon...
2019-11-12 08:49:27
HHI Holdings to earn KRW 1.4trn from Aramco
Hyundai Heavy Industries Holdings, the holding company of Korea’s largest shipbuilding conglomerate Hyundai Heavy Industries Group, said it is set to receive around KRW 1.4trn (about $1.2 billion) in proceeds from the sale of a stake in its ref...
2019-11-06 15:16:31
Okeanis Eco secures loan for Suezmax duo
Okeanis Eco Tankers Corp. (OAX: OET) (the “Company”) announced on October 31 that it has secured commitment to a USD 45.9 million secured loan facility (the “Facility”) from Alpha Bank A.E. at highly attractive terms to finance 88.95% of ...
2019-11-04 08:56:57
1st 'Busan offshore finance seminar' to be held
Korea Maritime & Ocean University (KMOU) is to hold the 1st 'Busan offshore finance seminar' on October 25 at Kamcomaru Hall, Busan International Finance Center (BIFC), Busan Metropolitan City, Korea, together with the Korea Maritime Institut...
2019-10-25 08:38:34
McDermott secures $1.7bn new financing
McDermott International, Inc. (NYSE: MDR) (collectively with its subsidiaries, the "Company") announced that it has entered into an agreement (the "Agreement") with certain of its secured lenders (the "Lenders") under which the Company will have ...
2019-10-22 10:22:41
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