Finance
Kleven acquired by demolition yard
Ulsteinvik-based shipbuilder Kleven Verft, which filed for bankruptcy last June, is acquired by its compatriot ship-breaking yard Green Yard. According to foreign media outlet, the Norwegian shipbuilder is sold to Green Yard, after reaching ag...
2020-07-31 09:10:18
Total signs Mozambique LNG project financing
Total announced on July 17 that it has signed 14.9 B$ senior debt financing agreement for Mozambique LNG. This project is the country’s first onshore LNG development. It includes the development of the Golfinho and Atum natural gas fields locat...
2020-07-22 09:31:59
Kleven Verft files for bankruptcy
It turned out that Ulsteinvik-based shipbuilder Kleven Verft filed for bankruptcy last month. The labor union of the company wishes new investors could revive the Norwegian shipbuilder. While the company is to welcome a new owner, the works fo...
2020-07-21 09:11:54
TUI Group completed sale of its subsidiary Hapag-Lloyd
The TUI Group announced on July 8 that it has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises. Hamburg-based TUI Cruises is a joint venture between TUI and Royal Caribbean Group. The joint venture TUI Cruise...
2020-07-10 09:39:24
KCC secured $60m bank financing
Klaveness Combination Carriers ASA (KCC) recently announced that it has secured a USD 60 million Sustainability Linked Term Loan and Revolving Credit Facility for the financing of the seventh and eight CLEANBU vessels with delivery in 2021 where ...
2020-07-08 09:38:47
Initial field study on Daesun completed
It emerged that Daesun Shipbuilding & Engineering’s first on-the-spot survey has been finalized for the sale.  According to industry sources and foreign media, British private equity fund, which is a preferred buyer in Stalking-hors...
2020-07-02 09:06:40
Ningshing buys Zhoushan Penglai Shipyard
China's state-owned Ningbo Ningshing Group turns out to have finished the restructuring of collapsed Zhoushan Penglai Shipyard and rebranded the yard as 'Ningshing Shipyard'. After Zhoushan Penglai Shipyard went bankrupt last year against a ...
2020-07-01 09:11:29
Kwangju bank supports working fund to Daehan
Kwangju bank recently announced that it has supported working fund KRW 21.2bn,  to Daehan Shipbuilding which is struggling with the aftermath of COVID19, followed by the coming August it will support further KRW 21bn. The size of the supp...
2020-06-26 09:15:17
Taizhou Kouan's assets frozen
It turned out that a court in Taizhou has ordered to freeze part of the Taizhou Kouan shipyard’s assets.   According to industry sources and foreign sources, the Taizhou Port Core Area Investment Company has requested to freeze RMB90m ($...
2020-06-19 09:13:21
Wisdom Marine issues new shares
Wisdom Marine Lines has issued new shares in order to raise funds for newbuilding project.  With this, according to industrial source and TradeWinds, the Taiwanese shipowner has secured about $13.3m for its fleet renewal plan.  Th...
2020-06-18 09:15:07
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