Shipping’s Decarbonization Will Need Major R&D Investment

Collaboration and investment in technology development key for meeting IMO's targets

DryShips Pens Sale and Leaseback Deal for Six Bulkers

DryShips listed on Nasdaq

Greek shipowner DryShips signed sale and leaseback agreements for six bulkers with Chinese lenders.

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Payment in Container Shipping in Dire Need of Digitization

digitlization

The payment process in container shipping ready for digital disruption.

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Euroseas Agrees Charter and Financing for New Bulker

Euroseas bulker

Euroseas secured a time charter contract, as well as a a bank loan, for its newbuilding Kamsarmax, the Ekaterini.

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Seaspan Nabs USD 120 Mn for GCI Newbuild Duo

COSCO Hope

Seaspan Corporation has penned a USD 120 million financing deal intended for 10,000 TEU containership pair.

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Costamare Busy as a Bee

Costamare vessel transiting Suez Canal

Costamare in fleet renewal mode as it refinances outstanding loan.

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Scorpio Tankers Lands USD 196 Mn in Loans

Scorpio Tankers vessel

Scorpio Tankers has secured commitments from four European banks for up to USD 195.9 million worth of loans.

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KfW to Back Responsible Ship Recycling

EUROS

German lender KfW IPEX-Bank joins the Responsible Ship Recycling Standards initiative.

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Scorpio Tankers to Raise USD 334 Mn of New Liquidity

Scorpio Tankers is looking to raise up to USD 334 million through a series of bank loans and sale leasebacks.

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Euronav Nabs Vessel Financing as It Bleeds Red in Q1, 2018

euronav tanker

Belgian tanker owner and operator secures financing for Ice Class Suezmaxes, FSOs.

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DHT Holdings Clinches USD 485 Mn Refinancing Deal

DHT Holdings secures a USD 485 million credit facility for the refinancing of 13 VLCCs.

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Clarksons Succumbs to Market Headwinds

Clarksons

Clarkson PLC expects its profits for the first half and the full year to drop significantly due to market headwinds.

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Korea Eximbank Pledges Over USD 700 Mn for Shipping

Money

Export–Import Bank of Korea has committed to provide KRW 800 billion worth of loans for South Korean shipping.

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Scorpio Bulkers Agrees Refinancing for Ultramax

Scorpio Bulkers vessel

Scorpio Bulkers signed a refinancing deal for one of its Ultramax vessels with an unaffiliated third party in Japan.

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SAAM to Invest USD 85 Mn in Fleet and Infrastructure

Terminal

SAAM to invest USD 85 million to reinforce its tug fleet and maintain port equipment and infrastructure.

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Sovcomflot Inks USD 252 Mn Financing for Six Aframaxes

Signing ceremony

Sovcomflot has signed a new USD 252 million credit facility to finance a series of six Aframax tankers.

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K Line Secures USD 180 Mn Refinancing for LNG Tanker Duo

Arctic Voyager

K Line secured a USD 180 million refinancing for two of its LNG vessels, according to Watson Farley & Williams.

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Scorpio Bulkers Secures Loan for Kamsarmax Newbuilding

Illustration: Scorpio Bulkers vessel

Scorpio Bulkers has received a commitment for a new loan to finance its Kamsarmax bulk carrier newbuilding.

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HMM Nets USD 420 Million to Build 5 VLCCs

Hyundai Merchant Marine has secured USD 420 million to finance construction of five very large crude carriers.

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Dry Bulk Shipping ETF Rolled Out

The fund has been set up by Breakwave Advisors in partnership with ETF Managers Group.

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Dorian LPG Agrees Sale and Leaseback for Corvette

Dorian LPG entered into a sale and bareboat charter arrangement for its 84,000 cbm carrier Corvette.

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Ernst Russ Ditches Its Marenave Stake

Ernst Russ has sold its stake in compatriot Marenave Schiffahrts AG.

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Readers' Picks of the Week

Here are the most read stories from last week.

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KOTC Seals Financing for Eight Tankers, Orders VLCC

Kuwait Oil Tankers Company secures over USD 400 million in financing, orders super tanker in China.

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Navios Containers Raising USD 30 Mn for More Ships

Navios Containers will raise up to USD 30 million in a private placement to finance possible vessel acquisitions.

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GulfNav Raises More Capital for Expansion

GulfNav concludes capital raising through trading of the rights issue, drops public offering plans.

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Ocean Yield Collects USD 95 Mn to Invest in More Ships

Ocean Yield has raised USD 95.8 million in net proceeds from a private placement.

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Star Bulk in Debt Refinancing Drive

Star Bulk Carriers has received two separate commitments from banks for refinancing of loan facilities.

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