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Frontline Secures USD 544 Mn for Ten Trafigura Tankers

Illustration; Source: PxHere

Frontline has secured funds from China's ICBCL that would enable the company to complete the acquisition of ten ...

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Monjasa Boosts Credit Facilities ahead of IMO 2020

The company is securing "flexibility to navigate the volatile oil and shipping markets."

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CMA CGM Selling Vessels, Terminal Stakes to Raise USD 2 Bn

CMA CGM

The company is raising cash to finance its acquisition of CEVA Logistics.

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Stolt Tankers Signs Sale, Leaseback Deal for 20 Vessels

Stolt Tankers

Stolt Tankers has entered into a sale and leaseback agreement for 20 chemical tankers with CMB Financial Leasing.

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Flex LNG Secures USD 629 Mn Loan for Five Newbuilds

Flex LNG

Flex LNG has secured a new USD 629 million financing for the five newbuilds scheduled for delivery in 2020. 

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EU Commission Probing Tax Exemptions for Italian Ports

Italian port

The EU wants to check whether Italian laws are in line with EU State aid rules.

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GasLog Raises USD 98.4 Mn through Senior Unsecured Bonds

Net proceeds from the bonds will be used for general corporate purposes and prepayment of debt.

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IMO's GreenVoyage-2050 Gets USD 4.3 Mn Boost from Norway

IMO

Norway provides an additional NOK 40 million (USD 4.3. million) to the IMO-Norway GreenVoyage-2050 project.

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S&P Raises Global Ship Lease’s Credit Rating

New charters at favorable rates and extended debt maturities were just some of the factors that led to the upgrade.

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Hafnia to Collect USD 230 Mn from Oslo Pre-Listing Offering

The offering price was set at NOK 25,45 (USD 2,77) per share.

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EPIK Selects Financial Adviser for Newcastle FSRU Project

ANZ will serve as financial adviser for EPIK's Newcastle GasDock LNG import terminal in New South Wales.

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SCF Inks Financing, Charter Deals for New LNG Carrier

The financing deal was agreed with VEB.RF Group, while a time charter contract was signed with NOVATEK Group.

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Hafnia Unveils Pre-Listing Offering on Oslo Stock Exchange

Finance

The company would list its common shares on Oslo Axess upon completing the pre-listing private placement.

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Okeanis Eco Tankers Secures Loan for New Suezmax Pair

money

Okeanis Eco Tankers said it would get funding to finance the pre-delivery of two new ECO tankers.

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Navios Acquisition Repays USD 196.8 Mn of Debt

Finance

With sale-and-leaseback, commercial bank debt and cash, the company extended debt maturities through 2027.

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CMA CGM Launches Shipping Trade Finance Services

CMA CGM containership

The import and export financing services range, Shipfin Trade Finance, was set up with invoice finance platform ...

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Navios Acquisition Looking to Raise USD 15 Mn

Finance

The company would use the funds for general corporate purposes.

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Awilco LNG Secures Sale and Leaseback for WilForce, WilPride

LNG carrier WilPride

The term sheet for the refinancing of 156,000 cbm WilForce and WilPride has been credit approved.

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Epic Gas Refinances 20 Ships with USD 201 Mn Loan

Epic Borneo

The USD 201 million facility has a five-year term and includes a USD 10 million tranche for future acquisitions.

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SBM Offshore Obtains USD 1.14 Bn Bank Loan for Liza Unity

SBM Offshore

SBM Offshore completes the project financing of FPSO vessel Liza Unity for a total of USD 1.14 billion.

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Navios Partners Repays USD 418.5 Mn Loan

navios_lumen_bc

Navios Maritime Partner managed to repay a major loan amounting to USD 418.5 million.

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Greece Approves Part of COSCO's Investment Plan for Piraeus

Piraeus Port

Proposal for an EUR 300 million investment in the fourth container terminal in Piraeus was put on hold.

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Tanker Rate Surge Drives Record ClarkSea Index Spike

VLCC Market

VLCC rates reached USD 307,888/day last week.

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Sasol Invests in 1st South African-Owned Chemical Tanker

Bow Spring

Bow Cecil is the very first South Africa-flagged unit that will transport chemicals to international markets.

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Readers' Picks of the Week

Shipping

Here are the most popular news from last week.

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Teekay Shuttle Tankers Issues USD 125 Mn Green Bonds

Finance

The proceeds will be used to partially fund four E-Shuttle newbuilds currently under construction.

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BC Ferries Looking to Raise USD 188 Mn with Bond Issue

BC Ferries

The net proceeds will provide for capital expenditures, general corporate purposes and fund the series reserve account.

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