Lack of Automation Rules a Major Challenge

Wasaline ferry

Wasaline's Managing Director speaks on the concept of the automated ship.

EIB Provides Funding for New Sweden-Finland RoPax

Kvarken Link's new ferry

Kvarken Link Oy would use the funds to finance a new ferry. The vessel will connect Umeå, Sweden and Vaasa, Finland.

read more →

Globus Maritime to Refinance Ships with USD 37 Mn Loan

Finance

Globus Maritime would use the USD 37 million loan to refinance five vessels.

read more →

Okeanis Eco Tankers Secures Loan to Finance Scrubbers

Okeanis Eco Tankers vessel

The USD 11 million loan would be used to partially finance the company's scrubber retrofit project.

read more →

Grindrod Shipping Strengthens Liquidity through IVS Bulk

Finance

The company undertook a number of transactions to modernize its fleet and increase financial flexibility and liquidity.

read more →

Exmar Repays Its 2014 Bond

FLNG Tango

Exmar Netherlands has fully repaid the outstanding senior unsecured bond, issued in 2014.

read more →

Mortensen to Lead New Maritime Investment Fund

Finance

Shipping executive Carsten Mortensen launched a shipping fund which aims to reach USD 100 million in 2019.

read more →

BC Ferries Moves Forward with Green Investments

bc-ferries

BC Ferries is continuing with numerous investments to reduce its environmental footprint. 

read more →

LA Port Argues Against New Tariffs on Chinese Goods

Tariffs

Tariffs would impact some 66 percent of all imports by value at the San Pedro Bay.

read more →

Flex LNG Rings NYSE Opening Bell

Flex LNG

The company went public in the US.

read more →

Major Banks Promote Greener Shipping through New Principles

Finance

Major shipping banks will integrate climate considerations into lending decisions to incentivize decarbonization.

read more →

Sole Shipping Agrees Loan to Finance VLCC Duo

Finance

Sole Shipping secured a USD 91 million loan to finance two VLCCs equipped with scrubbers.

read more →

Hapag-Lloyd Secures USD 113 Mn Loan

Hapag-Lloyd

Moving forward with the implementation of its Strategy 2023, Hapag-Lloyd inks a new EUR 100 million loan.

read more →

Euroseas Closes Refinancing of Two Vessels

Finance

Euroseas has closed its earlier revealed refinancing of two vessels.

read more →

Sovcomflot Inks Financing for LNG-Fuelled Trio

Sovcomflot vessel

Sovcomflot and VEB.RF signed a financing agreement for the construction of LNG-fuelled MR tankers.

read more →

Maersk Growth Invests in German Trade Finance Startup

maersk

Maersk Growth has decided to invest in European fintech company Modifi.

read more →

Dynagas LNG Partners in Talks for USD 250 Mn Refinancing

LNG carrier Lena River

Dynagas LNG Partners is in advanced talks for the refinancing of 6.25% USD 250 million senior notes.

read more →

FSL Trust Finalizes USD 31.4 Mn Share Offering

Finance

FSL Trust earlier said that the proceeds from the offering would be used to renew its ageing fleet.

read more →

PSA Eyes Smart Grid Technology for Pasir Panjang Terminal

Terminal

PSA is looking to reduce energy use and carbon footprint under a partnership with the Energy Market Authority.

read more →

Oakland Port Gets Final Funding for Technology Program

Hapag-Lloyd vessel in Port of Oakland

Port of Oakland received final funding for the Freight Intelligent Transportation System (FITS) program.

read more →

Euroseas to Add Four Feeder Containerships

euroseas

Euroseas is to acquire four container vessels as it refinances two other ships.

read more →

Global Ship Lease Fixes Loan to Finance Boxship Buy

Finance

Global Ship Lease secured a USD 37 million loan to partially finance the purchase of three containerships.

read more →

EU Funds Autonomous Shipping Initiative for European Waters

Autonomous vessel

Project Autoship aims to build and operate two remote and autonomous vessels.

read more →

CSSC Shipping to Raise USD 277 Mn through Hong Kong IPO

Finance

CSSC (Hong Kong) Shipping will issue 1.534 billion new shares at a price of HKD 1.34 - HKD 1.42 per share.

read more →

Star Bulk to Buy Eleven Bulkers from Delphin Shipping

Petros Pappas, CEO of Star Bulk

Star Bulk Carriers signs deal to purchase eleven dry bulk vessels at a price of USD 139.5 million.

read more →

2020 Bulkers Raises USD 70.2 Mn to Finance New Ships

Finance

2020 Bulkers collected USD 70.2 million from equity offering to finance vessels under construction.

read more →

Teekay Offshore in USD 450 Mn Loan for Shuttle Tanker Fleet

Teekay vessel

Teekay Offshore Partners secured a new USD 450 million revolving credit facility for sixteen shuttle tankers.

read more →

Golden Ocean Agrees Refinancing amid Weaker Markets

Finance

GOGL signed two new credit facilities to refinance obligations under previous loans which financed 14 vessels.

read more →