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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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Höegh LNG Secures USD 80 Mn Loan

money

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

Wilpride

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

Finance

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

money

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

USD

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

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

EBRD

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

EURO

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

montreal

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

UECC

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

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