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...
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...
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...
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...
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...
UOB changes Alpha Picks portfolio
It turned out that UOB Kay Hian (UOB), a Singapore investment bank, has erased Keppel Corporation of Singapore from its Alpha Picks portfolio and replaced it with Yangzijiang Shipbuilding (Holdings) Group (YZJ) of China. The Alpha Picks portfo...
FSG taken over by Tennor Holding
More than 350 employees under Germany’s Flensburger Schiffbau-Gesellschaft (FSG) and business assets of its shipyard have been acquired by several companies belonging to Tennor Holding, an investment company. According to industry sources an...
OSM to acquire SeaTeam from Frontline&Golden Ocean
OSM Maritime (OSM) announced on September 21 that it is in final negotiations to acquire SeaTeam Management (SeaTeam) from Frontline Ltd (Frontline) and Golden Ocean Group Limited (Golden Ocean). The acquisition, which is subject to definitive do...
Equinor teams up with BP in US offshore wind
Equinor (OSE: EQNR, NYSE: EQNR) announced on September 10 that it has entered into an agreement with BP (LSE: BP, NYSE: BP) to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideratio...
Wilhelmsen takes stake in offshore wind service firm
Wilhelmsen announced on September 15 that the agreement will see Wilhelmsen initially acquire 25% of Østensjø Group’s expanding offshore wind company. Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2...
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