Navios Partners Repays USD 418.5 Mn Loan

navios_lumen_bc

Navios Maritime Partner managed to repay a major loan amounting to USD 418.5 million.

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Greece Approves Part of COSCO's Investment Plan for Piraeus

Piraeus Port

Proposal for an EUR 300 million investment in the fourth container terminal in Piraeus was put on hold.

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Tanker Rate Surge Drives Record ClarkSea Index Spike

VLCC Market

VLCC rates reached USD 307,888/day last week.

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Sasol Invests in 1st South African-Owned Chemical Tanker

Bow Spring

Bow Cecil is the very first South Africa-flagged unit that will transport chemicals to international markets.

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Readers' Picks of the Week

Shipping

Here are the most popular news from last week.

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Teekay Shuttle Tankers Issues USD 125 Mn Green Bonds

Finance

The proceeds will be used to partially fund four E-Shuttle newbuilds currently under construction.

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BC Ferries Looking to Raise USD 188 Mn with Bond Issue

BC Ferries

The net proceeds will provide for capital expenditures, general corporate purposes and fund the series reserve account.

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International Seaways to Prepay USD 100 Mn of Debt

Finance

The move comes on the back of the sales of vessels and interest in the company's LNG joint venture with Nakilat.

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Danish Pension Funds Launch Second Maritime Investment Fund

Maritime Investment Fund

The first fund of USD 450 million was successfully invested in vessels chartered on long-term contracts.

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Eagle Bulk Secures USD 34 Mn Loan for Scrubbers

Bulker

Net loan proceeds will be used for capital expenditures relating to the installation of scrubbers.

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Trafigura Secures USD 1.5 Bn of Finance Deals

Finance

The loans were oversubscribed and upsized, with 27 banks participating in the transaction.

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Igoumenitsa Port to Cut GHG Emissions with New Quay

Igoumenitsa

The EC approves Greece's plans to grant USD 52 million for a new quay in the port of Igoumenitsa.

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US Sanctions on COSCO Companies Hit US-Listed Teekay

ARC7 LNG carrier

The sanctions are affecting Teekay's Yamal LNG joint venture.

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Apollo Asset Provides New Credit for Hunter Tankers

Tanker

Hunter Tankers signed a USD 15 million revolving credit facility agreement with Apollo Asset.

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Exmar Gets Extension of USD 30 Mn Bridge Loans

Tango FLNG

The company has still not reached an agreement with Sinosure the partial release of the debt service reserve account.

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EU Clears TPG's Acquisition of Dream Cruises Shares

Dream Cruises ship

TPG Asia is snapping up to 35% of Dream Cruises shares.

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Teekay Shuttle Tankers Eyes USD 150 Mn to Finance Newbuilds

Finance

The company is looking to raise up to USD 150 million through a senior unsecured green bond issue.

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Hafnia Acquires 2015-Built MR2 Duo, Signs USD 473 Mn Loan

Hafnia vessel acquistion

The company has also sold a 2004-built medium range tanker.

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Sixteen UK Ports Receive Funds to Prepare for Brexit

Brexit

The ports would use the funding for infrastructure upgrades amid preparations for Brexit on October 31.

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Costa Group to Invest USD 54.8 Mn in Ship Rebranding

Costa neoRiviera would be transformed into the new AIDAmira, destined for the German-based AIDA Cruises.

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TEN to Raise USD 35 Mn through Private Placement

Finance

The company signed a share and purchase deal with a maritime institutional investor for 3.5 million of shares.

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Tufton Oceanic Raises USD 31 Mn for Secondhand Ships

Finance

The company raised the funds in order to capitalise on "an attractive pipeline" of secondhand vessels.

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Industry Majors Busy with Securing Financing

Shipping heavyweights have proven yet another time their fierceness in the fight to preserve liquidity.

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Seaspan Boosts Its Financing Portfolio to USD 1.5 Bn

Seaspan sealed today a USD 500 million financing deal, bringing its financing program to USD 1.5 billion.

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OSC Signs USD 110 Mn Loan to Refinance Five Ships

Signing ceremony for financing agreement

The funds would be used for refinancing of three tanker vessels and two very large crude carriers (VLCCs).

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Sovcomflot, NYK Line Ink Loan to Refinance LNG Carrier Duo

Sovcomflot and NYK Line signing ceremony

The loan would refinance the LNG carriers Grand Aniva and Grand Elena, servicing the Sakhalin-2 project.

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Ocean Yield Collects USD 125 Mn from Hybrid Bond Issue

Finance

The net proceeds would be used for general corporate purposes including new investments.

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