EU Funds Autonomous Shipping Initiative for European Waters

Autonomous vessel

Project Autoship aims to build and operate two remote and autonomous vessels.

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CSSC Shipping to Raise USD 277 Mn through Hong Kong IPO

Finance

CSSC (Hong Kong) Shipping will issue 1.534 billion new shares at a price of HKD 1.34 - HKD 1.42 per share.

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Star Bulk to Buy Eleven Bulkers from Delphin Shipping

Petros Pappas, CEO of Star Bulk

Star Bulk Carriers signs deal to purchase eleven dry bulk vessels at a price of USD 139.5 million.

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2020 Bulkers Raises USD 70.2 Mn to Finance New Ships

Finance

2020 Bulkers collected USD 70.2 million from equity offering to finance vessels under construction.

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Teekay Offshore in USD 450 Mn Loan for Shuttle Tanker Fleet

Teekay vessel

Teekay Offshore Partners secured a new USD 450 million revolving credit facility for sixteen shuttle tankers.

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Golden Ocean Agrees Refinancing amid Weaker Markets

Finance

GOGL signed two new credit facilities to refinance obligations under previous loans which financed 14 vessels.

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Russia to Pay USD 3 Mn to Greenpeace for Illegal Ship Arrest

greenpeace

The compensation is for the unlawful detention of Greenpeace's ship and its 30 crew.

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Pacific Basin Ups Funding Flexibility with USD 115 Mn Loan

Pacific Basin

Pacific Basin closed a new USD 115 million credit facility, secured over 10 of the company’s owned ships.

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Klaveness Combination Carriers Orders Two More CLEANBUs

Klaveness CLEANBU carrier

Klaveness Combination Carriers declared options for two new CLEANBU combination carriers in China.

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Seaspan Closes USD 1 Bn Portfolio Financing Program

Containership

Seaspan Corporation received USD 1 billion in loans to repay 12 secured credit facilities.

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Avance Gas Fetches USD 515 Mn Refinancing

Finance

Avance Gas would enable refinance its outstanding debt with the USD 515 million credit facility.

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AVIC International Leasing Behind Navios Tanker Financing

Finance

AVIC International Leasing revealed as the financier for five Navios Maritime Acquisition product tankers.

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Schulte Launches Venture Capital Arm for Maritime Startups

Innoport

The new unit will operate from Hamburg, Limassol and Singapore.

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Okeanis Eco Tankers Raises USD 15 Mn in Private Placement

Suezmax tanker Milos

Upon delivery, the offer shares will be tradable on Oslo Axess under the trading symbol “OET”.

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Flagships Project Gets USD 5.6 Mn for Two Hydrogen Ships

norled

Flagships receives EU funds to support deploying 2 zero-emission hydrogen fuel cell vessels.

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Belships Hedges Fuel Oil Price for 2020

Belships

The secured exposure is for 24,000 tons of bunkers for the full calendar year 2020.

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Banks Close USD 175 Mn Financing of 34 Polsteam Ships

bulker

The funds are intended for a fleet of 34 Polsteam bulkers.

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Sovcomflot Gets USD 297 Mn Loan for Atlanticmax LNG Carriers

LNG carrier Christophe de Margerie

Russia's Sovcomflot secures loan to finance its two next-generation LNG carriers.

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Norway Sets Aside USD 165.5 Mn for Teekay Offshore's Tankers

Teekay Offshore shuttle tanker

Teekay Offshore is to receive USD 165.5 million from Norway for four new shuttle tankers being built at SHI.

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Teekay Amends Note Offering to USD 250 Mn

Teekay funnel

Teekay Corp would offer USD 250 million notes due November 2022, instead of USD 300 million due 2024.

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Teekay Offshore Agrees USD 100 Mn FPSO Fleet Refinancing

FPSO Petrojarl Varg

Teekay Offshore secured a new USD 100 million revolving credit facility for three of its FPSO units.

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Hunter Tankers Secures Short-Term Loan from Apollo Asset

Finance

Hunter Tankers may use the facility to partially finance the group’s current newbuilding program.

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GasLog Partners Expects LNG Spot Market Stabilization

GasLog LNG carrier

GasLog Partners: Spot market is set to strengthen in 2019 amid expected increase in new LNG supply.

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Grindrod Shipping Secures Loan to Refinance New Ultramaxes

Finance

Grindrod Shipping secures loan to finance a part of its two Ultramax eco newbuild vessels.

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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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