Sailing the Seven Seas

Have you ever thought about the first journey of a ship, her maiden voyage from the shipyard to its owner?

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

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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Shipping Bonds Issuance Momentum Explained

Faced with the lack of available funding, a growing number of shipping companies have taken advantage of the low ...

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Update: Scorpio Bulkers Abandons Share Offering Plan

Dry bulk shipping company Scorpio Bulkers has determined not to proceed with its announced underwritten public ...

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Costamare Secures Loan, Reports Strong Quarter

Greece-based containership owner Costamare has entered into a loan agreement to finance the acquisition of 7,471 ...

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Alpha Bank Secures USD 250 Mn for Shipping Industry

Greek lender Alpha Bank has completed a financing transaction of USD 250 million through shipping securitisation ...

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Scorpio Bulkers Secures USD 85.5 Mn Loan

Monaco-based dry bulk shipping company Scorpio Bulkers Inc. has received a commitment for a loan facility of up to ...

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Safe Bulkers Secures Fresh Funds to Pay Back Loans

Monaco-based owner of dry bulk carriers Safe Bulkers has refinanced USD 74.9 million loans outstanding, the company ...

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