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Wärtsilä, GTT Creating One-Stop Shop for LNG-Fueled Ships

Finland-based technology group Wärtsilä, and GTT, the designer of cryogenic membrane containment solutions for ...

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Scorpio Bulkers Secures Loan for Ultramax Trio

Monaco-based shipping company Scorpio Bulkers has received a commitment for a loan facility to finance a part of ...

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Ocean Yield Provides Financing for NAT's Suezmax Trio

Norwegian shipowner Ocean Yield has inked a deal to acquire Nordic American Tankers’ (NAT) three Suezmax ...

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Ukrainian Shipping Company to Accept Bitcoin?

Digitalization seems to be ushering in a new era in all segments of the shipping industry, including payment in ...

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Shipping Companies of All Sizes Need Equal Access to Funds

A level playing field should be created for both small and bigger shipping companies with respect to accessing EU ...

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Irish Continental Group Agrees New Financing Deals

Ireland’s maritime transportation group Irish Continental Group (ICG) revealed it has concluded a new suite of ...

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Aegean Marine Fetches New USD 750 Mn Credit Facility

Greek marine fuel logistics company Aegean Marine Petroleum Network has reached an agreement for a new credit ...

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German Banks Cutting Further Their Ship Finance Exposure

The recent recovery of the container shipping and dry bulk market has not dissuaded German banks from reducing ...

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Yang Ming Eyes USD 87 Mn from 2nd Private Placement

Money

Taiwan’s shipping company Yang Ming Marine Transportation Corp is gearing up to launch a second private ...

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Scorpio Tankers Targets Fresh Funds from Share Offering

Monaco-based tanker owner Scorpio Tankers revealed plans to the public 30 million shares of its common stock, par ...

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Wisdom Marine in Ship Acquisition Mode

Taipei-based shipping company Wisdom Marine Lines informed that its board of directors has approved the purchase of ...

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Yang Ming Collects USD 200 Mn from Share Offering

Taiwanese shipping company Yang Ming Marine Transport Corp. (YM) has completed the rights offering of 500 million ...

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Ophir Opts for Alternative Financing for Fortuna FLNG

Africa’s first deepwater FLNG project situated in Equatorial Guinea, Fortuna FLNG, has been faced with some ...

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MPC Container Ships Collects USD 175 Mn in Fresh Funds

In only 24 hours, Oslo-based containership owner MPC Container Ships raised around USD 175 million through a ...

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Flex LNG Secures USD 315 Mn to Finance Newbuildings

Oslo-listed ship owner and operator Flex LNG has reached an agreement on a loan facility to finance three of its ...

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Ship Operating Costs Stabilise in 2017

The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but shipowners ...

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Royal Caribbean Prices USD 800 Mn Notes

Miami-based cruise line Royal Caribbean Cruises (RCL) has priced an offering of senior unsecured notes in an ...

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Eagle Bulk Prices 200 Mn Bonds, Secures Loan

US-based operator of dry bulkers Eagle Bulk Shipping is, through its subsidiaries, looking to secure net ...

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COSCO Gets Nod to Merge Financing Units

China’s COSCO SHIPPING Development is to merge its subsidiaries CS Finance and COSCO Finance as it received ...

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Amsterdam Trade Bank, Mid-Ship Capital Join Financing Forces

Dutch financial institution Amsterdam Trade Bank N.V. has entered into a cooperation agreement with a merchant ...

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US Firms Buy Most Auction/Bank Sale Ships in 2017

2017 has seen US owners top the list of buyers of distressed tonnage, snapping up vessels sold at bank sales and at ...

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CMBFL Secures Loan for 11,000 TEU Newbuilding Quintet

Certain subsidiaries of CMB Financial Leasing (CMBFL) have obtained a senior loan facility worth USD 318 million ...

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Navios Holdings to Sell USD 300 Mn of Senior Notes

Greek shipping firm Navios Maritime Holdings is looking to raise up to USD 300 million through a private ...

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Star Bulk Prices USD 50 Mn of Senior Notes

Greek dry bulk shipping firm Star Bulk Carriers Corp. has announced pricing of USD 50 million of senior unsecured ...

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Navios Holdings Repaying Loan a Year Early

Navios Holdings will fully prepay the loan facility entered into on September 19, 2016, with Navios Maritime ...

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HSH Gets Bids from Investors, Final Sale Talks Starting

Owners of the German-based provider of shipping finance HSH Nordbank have received several binding bids for the ...

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L.G.R. di Navigazione Secures Refinancing Deal

Naples-based shipping company L.G.R. di Navigazione has reached an agreement for a USD 28.8 million loan facility, ...

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