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TORM Nets USD 496 Mn for Debt Refinancing


TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders.

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Höegh LNG Secures USD 80 Mn Loan


Höegh LNG Holdings Ltd. has received commitment letters for a revolving credit facility of up to USD 80 million.

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Awilco LNG Completes Ship Duo Sale and Leaseback


Awilco LNG closed the 10-year sale/leaseback facility with CCB Financial Leasing for two LNG carriers.

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OSC Signs Its 1st Ijara Contract to Finance Two Ships


Muscat-based Oman Shipping Company has completed a USD 80 million "Ijara" transaction.

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Happy New Year from World Maritime News!

May 2020 bring you fair winds and following seas!

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Diamond S Obtains USD 525 Mn to Finance Debt


Diamond S Shipping Inc. has closed on a five-year USD 525 million credit facility.

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Klaipedos Nafta Bags USD 148 Mn Loan for Its LNG Terminal

FSRU Independence

Klaipedos Nafta has signed a USD 148 million loan to finance FSRU Independence's charter.

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TOP Ships Nets USD 60.2 Mn for Its Recently Acquired MRs


TOP Ships inked a financing deal with an undisclosed Chinese financier for its recently acquired two newbuilding duo.

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MOL Secures Green Loan for Its Bunkering Vessel

Bunkering Vessel

MOL to use its first green loan to finance the construction of LNG bunkering vessel.

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GasLog Secures Financing for New LNG Carriers


GasLog has signed an Export Credit Agency-backed debt financing of USD 1.05 billion with twelve banks.

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EBRD Provides USD 17.5 Mn for Tekirdag Port Privatization


The European Bank for Reconstruction and Development supports the privatization of Tekirdag Port with a new loan.

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EU Gives Green Light to Nord/LB's Recapitalization


The European Commission has found plans to strengthen the capital position of Nord/LB to be free of any state aid.

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CIB Provides USD 228 Mn for Montreal's New Box Terminal


Canada Infrastructure Bank is investing CAD 300 million in the Port of Montreal's container terminal project.

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NYK Obtains Japan’s 1st Sustainability-Linked Loan

NYK Line

NYK has been awarded Japan's first loan related to environmental sustainability.

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UECC Gets Green Financing for Battery Hybrid LNG PCTCs


United European Car Carriers (UECC) secures green financing for its new pure car and truck carriers.

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DP World Rings Nasdaq Dubai Bell

The company celebrated the listings of two Sukuk and two conventional bonds worth USD 2.3 billion.

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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


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


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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