Navingo Career Event

Interested or curious about a career in the maritime, offshore and energy sector? Register!

Avance Gas Fetches USD 515 Mn Refinancing

Finance

Avance Gas would enable refinance its outstanding debt with the USD 515 million credit facility.

read more →

AVIC International Leasing Behind Navios Tanker Financing

Finance

AVIC International Leasing revealed as the financier for five Navios Maritime Acquisition product tankers.

read more →

Schulte Launches Venture Capital Arm for Maritime Startups

Innoport

The new unit will operate from Hamburg, Limassol and Singapore.

read more →

Okeanis Eco Tankers Raises USD 15 Mn in Private Placement

Suezmax tanker Milos

Upon delivery, the offer shares will be tradable on Oslo Axess under the trading symbol “OET”.

read more →

Flagships Project Gets USD 5.6 Mn for Two Hydrogen Ships

norled

Flagships receives EU funds to support deploying 2 zero-emission hydrogen fuel cell vessels.

read more →

Belships Hedges Fuel Oil Price for 2020

Belships

The secured exposure is for 24,000 tons of bunkers for the full calendar year 2020.

read more →

Banks Close USD 175 Mn Financing of 34 Polsteam Ships

bulker

The funds are intended for a fleet of 34 Polsteam bulkers.

read more →

Sovcomflot Gets USD 297 Mn Loan for Atlanticmax LNG Carriers

LNG carrier Christophe de Margerie

Russia's Sovcomflot secures loan to finance its two next-generation LNG carriers.

read more →

Norway Sets Aside USD 165.5 Mn for Teekay Offshore's Tankers

Teekay Offshore shuttle tanker

Teekay Offshore is to receive USD 165.5 million from Norway for four new shuttle tankers being built at SHI.

read more →

Teekay Amends Note Offering to USD 250 Mn

Teekay funnel

Teekay Corp would offer USD 250 million notes due November 2022, instead of USD 300 million due 2024.

read more →

Teekay Offshore Agrees USD 100 Mn FPSO Fleet Refinancing

FPSO Petrojarl Varg

Teekay Offshore secured a new USD 100 million revolving credit facility for three of its FPSO units.

read more →

Hunter Tankers Secures Short-Term Loan from Apollo Asset

Finance

Hunter Tankers may use the facility to partially finance the group’s current newbuilding program.

read more →

GasLog Partners Expects LNG Spot Market Stabilization

GasLog LNG carrier

GasLog Partners: Spot market is set to strengthen in 2019 amid expected increase in new LNG supply.

read more →

Grindrod Shipping Secures Loan to Refinance New Ultramaxes

Finance

Grindrod Shipping secures loan to finance a part of its two Ultramax eco newbuild vessels.

read more →

Scorpio Bulkers in Loss amid 'Unhelpful Headwinds'

Scorpio Bulkers managed to slightly narrow its net loss to USD 3.5 million in the first quarter of 2019.

read more →

Flex LNG in Sale-Charterback Deal for LNG Carrier Duo

Flex Rainbow

The vessels in question are the Flex Endeavour and Flex Enterprise.

read more →

South Korea to Inject More Funds in Struggling Shipyards

south korea

South Korea plans to spend USD 60.1 million to support local shipbuilders' recovery efforts.

read more →

EU Helps Fund Extension of Polish LNG Terminal

Poland signs deal to invest USD 142.6 million in extension of LNG terminal in Świnoujście.

read more →

MPC Container Ships Fetches USD 40 Mn Credit

Finance

MPC Container Ships signed a USD 40 million credit facility agreement at "attractive terms".

read more →

Australian Gov't Cancels Funds for Newcastle Cruise Terminal

cruise ship

The Australian government withdraws funding for the new cruise terminal project in Newcastle.

read more →

d’Amico Collects USD 48 Mn from Equity Issue

Finance

d’Amico International Shipping raised EUR 42.8 million through preferential subscription rights.

read more →

Golar LNG Clinches USD 700 Mn Financing for FLNG Gimi

LNG Golar Bear

Golar LNG received a firm USD 700 million financing commitment for the FLNG Gimi.

read more →

Tsakos Columbia Chooses Electronic Payments for Crew

Electronic payment

Tsakos Columbia Shipmanagement introduced electronic payments for crews aboard a fleet of 90 vessels.

read more →

Svitzer Tug Crew Strike Causes Delays in Dutch Ports

Crews want to get paid for 49 hours of work per week.

read more →

Nord/LB Closes Sale of EUR 2.6 Bn Shipping Loan Portfolio

Finance

Nord/LB sold its EUR 2.6 billion shipping loan portfolio to an affiliate of Cerberus Capital Management.

read more →

Nautilus: Microsoft Joins Initiative to Digitize Shipping

shipping

Nautilus Labs secures USD 11 million in Series A funding led by M12, Microsoft’s venture fund.

read more →

Teekay Offshore Agrees USD 414 Mn Loan for Four Newbuildings

Teekay shuttle tanker

Teekay Offshore will finance four new LNG-fueled shuttle tankers, set for delivery in 2019 and 2020.

read more →