Connecting gears of the energy transition

The energy transition is one of the greatest challenges of our time

Royal Caribbean Secures USD 2.2 Bn Loan to Bolster Liquidity

Royal Caribbean

Royal Caribbean Cruises secures a USD 2.2 billion 364-day secured term loan facility to boost its liquidity.

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Sumitomo Mitsui Trust Bank Joins Poseidon Principles

shipping

Sumitomo Mitsui Trust Bank becomes the first Asian financial institution to join the Poseidon Principles.

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NYK Announces World’s 1st Onboard Use of Digital Currency

NYK containership

Japanese shipping giant NYK unveiled what it claims to be the world’s first onboard use of digital currency.

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Klaipėdos Nafta Secures Financing for FSRU Purchase

FSRU

The Nordic Investment Bank and AB Klaipėdos Nafta ink a 25-year loan agreement to finance FSRU.

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Frontline Raises Cash to Finance Ten Trafigura Suezmaxes

Frontline

Frontline signs a USD 544 million sale-and-leaseback agreement with China's ICBCL.

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Seanergy Secures USD 30.6 Mln in Refinancing

money

Seanergy Maritime Holdings has received a refinancing commitment from one of its existing lenders.

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Norden Reports Its Best Quarterly Result in 5 Years

Norden

Danish shipping company Norden wrapped up 2019 with profit.

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CSSC Taps ‘Virus Bonds’ to Raise USD 717 Mln

Chinese currency

China State Shipbuilding Corp. raised USD 717 million to curb the impact of the coronavirus outbreak.

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Wartsila-Led Team to Raise Fuel Efficiency in New Project

Wartsila

A Wärtsilä-led consortium gets EU funding for a project aimed at reducing ships' fuel consumption.

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Höegh LNG Settles LNG Boil-Off Dispute with Total

Hoegh LNG

Höegh LNG agrees with Total to settle the boil-off dispute regarding Neptune and Cape Ann.

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Maersk Secures USD 5 Bn Loans to Reach Green Shipping Target

Maersk

Maersk has secured a new sustainability-linked revolving credit facility of USD 5 billion.

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Piraeus Bank, ORIX Corporation Team Up on Maritime Financing

money

Piraeus Bank, ORIX Corporation to provide financing solutions to the Greek maritime sector.

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Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds

Money

Hunter Tankers AS secures USD 220 million loan facility.

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Ystad Gets EIB Loan for Port Expansion

EURO

EIB signs a USD 46 million loan agreement to enable the Port of Ystad to accommodate climate-friendly vessels. 

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GOGL Refinances USD 284 Mn Loan

Bulker

GOGL refinances USD 284 million loan facility covering 15 vessels.

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EU Launches BlueInvest Fund to Boost Innovation

EU

The EC and EIF launch the BlueInvest Fund in an effort to support innovations in the maritime sector. 

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Bpifrance Becomes Signatory to the Poseidon Principles

Bpifrance

French national investment bank Bpifrance signs up to the Poseidon Principles.

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CSAV Ups Stake in Hapag-Lloyd

CSAV

CSAV has acquired an additional stake in Hapag-Lloyd, becoming the majority shareholder in the German shipping major. 

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Teekay Tankers Seals USD 533 Mn Loan, Sells Assets

Tanker

Teekay Tankers has closed a new five-year, USD 533 million revolving credit facility to refinance 31 vessels.

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Castor Maritime Raises Money to Expand Fleet

Bulker

Castor Maritime entered into two financing deals that would result in acquiring capital for future fleet expansion.

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EUR 250 Mn Fund for Dutch Shipping Launched

Ministerie EZK

Dutch shipowners will now be able to benefit from a newly-inaugurated EUR 250 million fund.

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Readers' Picks of the Week

shipping

Here are the most read stories of the previous week.

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BNP Paribas, Credit Suisse Join Poseidon Principles

Poseidon Principles

Two more banks have become signatories to the Poseidon Principles.

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Schulte, DEVK Create Maritime Asset Investment Platform

Navigo

Schulte Group and DEVK have established Navigo, a maritime asset investment platform for institutional investors.

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Safe Bulkers Agrees Sale and Leaseback for Eight Ships

Safe Bulkers

Safe Bulkers has entered into sale and leaseback agreements with respect to eight vessels.

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Genting Hong Kong Raises USD 900 Mn

Genting Dream

The sale and leaseback transaction was closed with a consortium of four Chinese leasing companies.

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TORM Nets USD 496 Mn for Debt Refinancing

TORM LOGO

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

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