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Readers' Picks of the Week

Check out the most read stories from last week.

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Navios Partners Raising Funds for Vessel Acquisitions

Navios Partners selling shares to raise funds for general working capital purposes and vessel acquisitions.

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Sovcomflot Secures Loan for Arctic Shuttle Tanker

Sovcomflot, Sberbank agreed a new USD 106 million loan to finance the construction of a shuttle tanker.

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Commerzbank Reduces Shipping Loans by USD 2.7 Bn

Germany's Commerzbank continued with its efforts to dispose of bad shipping loans in 2017. 

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BW LPG Seals USD 150 Million Refinancing Deal

BW LPG Limited has signed a USD 150 million loan agreement with a syndicate of lenders.

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NRDC's Container Handling Tariff Cut Credit Negative

China's NRDC announced a reduction in the benchmark container handling tariff for import and export containers.

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UK Gov't Doubles SMarT Budget

More than 400 extra cadets in the UK will be trained in maritime roles every year thanks to a funding boost.

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Dorian LPG Agrees Sale and Leaseback for Concorde

Dorian LPG has reached a sale and bareboat charter arrangement for its 84,000 cbm carrier Concorde.

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Navios Containers Eyes USD 103 Mn Refinancing

Navios Containers looking to refinance its credit facilities, sees more acquisition opportunities.

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Viking Collecting USD 900 Mn to Prepay, Buyback Newbuildings

Viking Cruises has set sights on collecting USD 900 million from secured and unsecured notes.

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SHI Targets USD 705 Mn Loan, Ups Share Issue Mark

Samsung Heavy Industries (SHI) is looking to increase its short-term borrowings by KRW 750 billion.

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Costamare to Raise USD 115 Mn in Public Offering

Costamare could use USD 115 million from share offering to finance possible vessel acquisitions.

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MPC Container Ships Mulls USD 100 Mn Tap Issue

MPC Container Ships, which is a public limited liability company as of today, is considering to raise another USD ...

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Teekay Selling Notes to Raise Up to USD 115 Mn

Teekay Corp has commenced an offering to sell USD 100 million of convertible senior notes due 2023.

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EC Gives Green Light to Uljanik’s Rescue Aid

The European Commission approves state guarantee for Uljanik's USD 115.6 million loan.

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Latvian Shipping Lends USD 348 Mn to Vitol

Latvian Shipping has issued a short term loan of EUR 284 million to Vitol Netherlands B.V.

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TORM Raises USD 100 Mn for Fleet Growth

TORM raised USD 100 million through a private placement of new Class A common shares. 

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New Deal to Cement Denmark's Position as Global Maritime Hub

Denmark will invest some DKK 15 billion towards 2025 to strengthen its position as a global maritime hub.

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DP World, India's NIIF Set Stage for USD 3 Bn Investment

DP World and India’s NIIF have set up a USD 3 billion worth investment platform.

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Chembulk Raises USD 200 Mn from Bond Offering

Chembulk Tankers priced USD 200 million in senior secured bonds to refinance existing bank debt.

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GulfNav Refinances Petrochemical Pair

GulfNav has used a portion of its recently raised capital to refinance two petrochemical carriers.

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GasLog Partners Nets USD 111 Mn from Public Offering

LNG carrier owner and operator GasLog Partners LP has collected USD 111 million from its public offering.

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Seaspan, Fairfax Ink Deal on USD 250 Mn of Investment

Seaspan Corporation has signed definitive agreements with Fairfax for USD 250 million of investment.

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JBIC to Finance Ta-Tong Marine's New Ore Carrier

JBIC agreed to provide a loan to Taiwanese shipowner Ta Tong Marine to purchase a newbuilding ore carrier.

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Teekay Offshore to Collect USD 115 Mn in Public Offering

Teekay Offshore Partners to raise up to USD 115 million through a pubic offering of 4.6 million units.

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PNCT Secures Financing for Expansion Works

Port Newark Container Terminal (PNCT) has secured USD 298 million to refinance debt and invest in terminal development.

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SCHNIGGE Wants to Buy Rickmers Holding Bonds

Rickmers Holding has received an offer from SCHNIGGE Wertpapierhandelsbank SE related to the company's bonds. 

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