Capital fund for inland vessel sales launched
Concordia Damen has recently introduced a Capital Fund, the BesteVaer Capital Fund. This fund will facilitate the purchase of new and/or used inland vessels, thereby stimulating movement within the inland marine transportation sector. ...
“K” LINE raises funds for green car carrier
“K” LINE announced on March 12 that it has arranged operating lease for the Next-Generation Environmentally-Friendly LNG-fueled Car Carrier through Climate Transition Loan with Mizuho Bank Ltd. (MHBK) and Sumitomo Mitsui Tru...
Valaris set to emerge from bankruptcy
Valaris plc (OTC: VALPQ) (“Valaris” or the “Company”) announced on March 3 that it has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged Plan of Reorg...
DNV supports Hapag-Lloyd’s green financing
DNV announced on March 3 that it has supported Hapag-Lloyd in obtaining financing for six of its highly efficient containership newbuildings according to the Green Loan Principles of the Loan Market Association (LMA). DNV has verified t...
HHI Group’s ESG management accelerated
Hyundai Heavy Industries (HHI), a shipbuilding arm of HHI Group, announced on February 19 that the Korean mammoth shipyard was given 'Green 1' rating, which is the highest grade needed to issue green bond, by its compatriot cr...
OPT to acquire 3Dent Technology
Ocean Power Technologies (OPT) announced on February 2 that it has acquired 3Dent Technology, LLC, an offshore engineering and design services company based in Houston, Texas. OPT’s first acquisition brings additional revenue from...
STX O&S secures investment-cash in KRW 250bn
STX Offshore & Shipbuilding (STX O&S) announced on January 27 that it sealed the deal to attract investment with KH Investment (KHI) - United Asset Management Company (UAMCO) consortium, which is its preferred bidder. ...
Lenders take control of Polarcus ships after defaults
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announced on January 26 that it has confirmed to the relevant Finance Parties a payment default under its Working Capital Facility Agreement. The Company...
MOL establishes corporate venture capital fund
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced on January 21 that it determined to establish its wholly-owned Corporate Venture Capital Fund (CVC) firm called MOL PLUS (Representative: Takuya Sakamoto; Headquart...
China Minsheng seals S&LB deal
China Minsheng Trust, a Chinese trust and investment management company, has recently signed a sale and leaseback (S&LB) contract for Post-Panamax bulkers with its compatriot CSSC Hong Kong Shipping. Under the agr...
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