Offshore Energy Exhibition and Conference (OEEC)

Offshore Energy 2018

The leading event for the oil & gas, marine energy and offshore wind industry.

Ocean Yield Collects USD 125 Mn from Hybrid Bond Issue

Finance

The net proceeds would be used for general corporate purposes including new investments.

read more →

NYK Selling Bonds Worth Up to USD 255 Mn

NYK Line

The unsecured bonds would be offered in two tranches.

read more →

Readers' Picks of the Week

Here are the most popular news from last week.

read more →

ADS Crude Carriers to Pay More for Scrubber Installations

VLCC

The expected investment increased to around USD 6.5 million, from the previously guided USD 5.5 million per vessel.

read more →

CSSC (Hong Kong) Shipping Secures USD 600 Mn Loan

Finance

On August 20, the company confirmed it received a financing letter from an undisclosed bank in relation to the loan.

read more →

KfW IPEX-Bank to Fund Dream Cruises' New Ship Duo

Dream Cruises debut in Shanghai with Explorer Dream

The financing package comprises around EUR 2.6 billion with a total investment volume of just under EUR 3.1 billion.

read more →

Economou Takes DryShips Private

DryShips

The merger is expected to close in the fourth quarter of 2019.

read more →

Wellard Extends Repayment for Two Livestock Carriers

Ocean Drover

Wellard is to extend ship finance repayment schedules for Ocean Ute and Ocean Drover. 

read more →

Modec Issues USD 1.1 Bn in Bonds to Refund FPSO in Brazil

FPSO Cidade de Caraguatatuba MV27

The project bond was issued for the FPSO Cidade de Mangaratiba MV24, currently in operation offshore Brazil.

read more →

US FTA Supports Ferry, Terminal Projects with USD 32.8 Mn

ferry

US FTA awards USD 32.8 million to selected ferry projects.

read more →

EU Greenlights State Aid for Croatia's Krk LNG Terminal

The European Commission said that the project would contribute to the security and diversification of energy supplies.

read more →

Euronav Takes USD 100 Mn Loan to Prepare for IMO 2020

Finance

The loan was taken in order to help the company prepare for IMO's 2020 sulphur cap.

read more →

KIZAD to Offer 75 Pct of Services Free of Charge

containers

Abu Dhabi Ports has waived charges for over 75% of services offered by Khalifa Industrial Zone Abu Dhabi.

read more →

Awilco LNG Agrees Refinancing for LNG Carrier Duo

LNG carrier WilPride

Under the agreement, the 2013-built WilForce and WilPride would be refinanced at "favourable terms".

read more →

Navios Containers Secures Refinancing for Seven Vessels

Finance

The shipowner entered into a new credit facility on June 26, 2019.

read more →

NYK Launching Seafarer Payment Platform MarCoPay

NYK Line

The Japanese shipping giant has formed a JV with Philippines' TDG for the undertaking.

read more →

Eagle Bulk Eyes USD 100 Mn Offering to Fund Ship Purchase

Eagle Bulk

Eagle Bulk is to offer USD 100 million aggregate principal amount of Convertible Senior Notes in a private placement.

read more →

Up to USD 613 Mn to Be Injected in Portugal's Port of Sines

Port of Sines

Up to USD 613.5 million would be injected in the port during the concession agreement until 2049 with PSA Singapore.

read more →

TOP Ships Secures Loan for One MR2 Vessel

top-ships

TOP Ships inks a financing agreement with an undisclosed Chinese financier to refinance one of its MR2 tankers.

read more →

Piraeus Bank Eyes Partnership for Shipping Financing

Finance

The initiative aims at positioning Piraeus Bank at the forefront of servicing the needs of Greek shipping clients.

read more →

Tallink Secures Loan for LNG-Powered Fast Ferry

Tallink Shuttle Ferry

The new ferry is set for delivery in early 2022.

read more →

Grindrod Shipping Amends Loans, Ease Covenant Restrictions

Finance

Grindrod Shipping agreed amendments to three of its credit facilities relating to the financial covenants.

read more →

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 →