Building the Engine Room of the Future

Bachmann’s involvement in MARIN’s Zero Emissions Lab

Bachmann’s involvement in MARIN’s Zero Emissions Lab

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.

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Flex LNG in Sale-Charterback Deal for LNG Carrier Duo

Flex Rainbow

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

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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.

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EU Helps Fund Extension of Polish LNG Terminal

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

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MPC Container Ships Fetches USD 40 Mn Credit

Finance

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

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Australian Gov't Cancels Funds for Newcastle Cruise Terminal

cruise ship

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

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d’Amico Collects USD 48 Mn from Equity Issue

Finance

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

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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.

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Tsakos Columbia Chooses Electronic Payments for Crew

Electronic payment

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

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Svitzer Tug Crew Strike Causes Delays in Dutch Ports

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

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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.

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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.

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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.

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Nord/LB Pulling Out of Ship Financing

Finance

Nord/LB is exiting the ship financing sector as it looks for a fresh start with a capital injection of EUR 3.5 billion.

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Star Bulk Secures Loan to Refinance Newcastlemax Duo

Finance

Star Bulk Carriers secured a USD 71.4 million loan for the refinancing of two Newcastlemax-size bulk carriers.

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Scorpio Bulkers Secures Loan to Finance Scrubbers

Bulker

Scorpio Bulkers agreed an increase of USD 41 million in existing credit facilities to fund scrubber installations.

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Nordic American Tankers Signs ATM Agreement

nat

NAT inks an agreement that allows it to sell up to USD 40 million worth of common shares.

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Fairfax India Takes 41% Share in Seven Islands Shipping

Finance

Fairfax India secured a 41.4% share in Seven Islands Shipping by investing around USD 72.1 million into the company.

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K Line Secures USD 407 Mn Financing

k-line

Japanese shipping company K Line to raise JPY 45 billion (USD 406.6 million).

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Seaspan's Unencumbered Pool to Count 37 Ships

Containership

Seaspan Corporation partially prepaid two credit facilities, releasing five of its vessels from debt.

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Inmarsat Accepts USD 3.4 Billion Takover Offer

Inmarsat takeover

The acquisition is expected to become effective during the fourth quarter of 2019.

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EU Gives Green Light to Polish LNG Terminal Extension

LNG carrier

EU approved plans to support regasification capacity increase of the LNG terminal in Świnoujście, Poland.

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NYK Agrees USD 80.6 Mn Syndicated Loan for Scrubbers

NYK Line

NYK Line has signed a USD 80.6 million loan to finance the installation of scrubbers.

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Armatori Group Secures Financing for New Tanker Duo

Finance

Armatori Group's Marittima Emiliana secured financing for the construction of two chemical tankers in China.

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KfW IPEX-Bank Finances Two More Royal Arctic Line's Ships

havyard

Germany's lender is providing USD 18.6 million for Royal Arctic Line's vessels.

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Trump Sets Aside USD 138 Mn for Charleston Deepening Project

Finance

Charleston Harbor Deepening Project received USD 138 million of funding in the President's FY2020 Budget.

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Corpus Christi Port Poised to Get Additional Federal Funding

Corpus Christi

Additional funds for the Port of Corpus Christi's Ship Channel Improvement Project (CIP) announced.

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