Finance
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...
2021-01-22 09:13:07
New Fortress Energy acquires Golar LNG Partners LP
  Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) announced on January 13 that it has entered into an agreement and plan of merger with New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”).   Under the merger ag...
2021-01-18 09:24:28
BW LPG buys Avance’s stake
  It turned out that BW LPG bought the 9.14% stake in Avance Gas, expanding its business.   According to industry sources and foreign media, BW LPG bought a rival company’s stake on account of its capacity shortage. &n...
2021-01-15 09:11:33
Grimaldi gains newbuild loan
It seems that Italy's Grimaldi Group plans to make use of finance worth $42.5m for investment in new vessel. According to industry source and TradeWinds, the new loan secured from Spain's Caixabank will use the second of series of Ro-Ro vessel...
2021-01-11 09:09:24
Interlake buys 2 great lakes vessels in asset acquisition
Interlake Holding Company announced on December 30 that it has purchased the assets of Pere Marquette Shipping Company and Lake Michigan Car Ferry Company that includes two working Great Lakes vessels, the Articulated Tug-Barge Undaunted-Pere Mar...
2021-01-05 09:30:27
Centerline acquires Saltchuk’s bunkering business
Centerline Logistics, a leading national provider of marine transportation services, announced on December 28 that it has acquired Saltchuk Marine Services’ California ship refueling business, currently operated by subsidiary Foss Maritime Comp...
2020-12-30 09:27:40
AqualisBraemar completes LOC Group acquisition
AqualisBraemar ASA (“AqualisBraemar”) announced on December 22 that it has successfully completed the acquisition of 100 percent of the shares in LOC Group, thereby creating a leading global independent offshore energy and marine consultancy....
2020-12-24 09:30:11
OSG closes financing for NB Jones act barge
Overseas Shipholding Group, Inc. (NYSE: OSG) announced on November 24 that it has closed on a $49,150,000 loan for a term of 7 years. OSG’s subsidiaries, OSG 205 LLC and OSG Courageous II LLC, obtained the loan to finance one new 204,000 barrel...
2020-11-27 09:34:46
Hitachi Zosen sells JMU’s shareholding
It turned out that Hitachi Zosen decided to terminate its long-standing association with Japan Marine United (JMU) and sell JMU’s small shareholding. According to industry sources and TradeWinds, Hitachi Zosen plans to sell JMU’s stake to ...
2020-11-23 09:10:47
DSME turns to surplus in operating profit in 3Q
Through a regulatory filing, Daewoo Shipbuilding & Marine Engineering (DSME) released its performance on a consolidated basis in the third quarter of 2020. DSME posted KRW 1.4414trn in sales KRW 33.6bn (around $30.16m) in operating profit,...
2020-11-20 09:14:38
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