It Took Us 2 Years to Be Taken Seriously

xChange representatives reveal challenges faced during launching of their startup and plans ahead.

JR Shipping Nabs Refinancing Deal

JR Shipping Group has sealed a refinancing deal with a London-based credit investment for eleven container feeders.

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Oman Gets Funding from Saudi Arabia to Develop Duqm Port

Saudi Arabia is to provide USD 201 million grant to Oman for two development projects at the Port of Duqm.

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Seaspan Eyes USD 250 Mn Debt from Fairfax

Seaspan Corporation is to secure up to USD 250 million of investment from Fairfax.

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GulfNav Gives Nod to USD 250 Mn Sukuk Issue

Gulf Navigation Holding PJSC has decided to move forward with the issuance of new shares.

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Editor's Picks of 2017

2017 Year in Review: Editor's picks of the year

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Star Bulk Sees No Further Need for Amortization Holiday

Star Bulk Carriers is to make debt principal repayments starting from the first quarter of 2018.

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DryShips Inks New Loans, Disposes of Panamax Bulker

DryShips has received commitments for credit facilities of up to an aggregate of USD 125 million.

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Hyundai Heavy Unveils Rights Issue Plan to Raise USD 1.2 Bn

HHI revealed plans to raise USD 1.21 million via a share issue to improve its financial structure.

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Fjord1 Obtains New Loans

Norwegian ferry company Fjord1 ASA has obtained new loans from two banks. The company said it has secured committed ...

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Royal Caribbean Scores USD 3 Bn Loan for Icon Duo

Royal Caribbean has secured USD 2.96 billion to finance construction of its two new Icon-class ships.

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FSL in Talks to Extend USD 479 Mn Loan

Singapore-based FSL Trust Management has launched negotiations with lenders to extend the maturity of its USD 479.5 ...

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SASAC Gives Nod to COSCO Shipping's USD 1.9 Bn Share Plan

SASAC has approved COSCO Shipping Holdings' USD 1.9 billion share issuance plan.

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Scorpio Bulkers Targets USD 500 Mn with Mixed Shelf

Scorpio Bulkers has filed a registration for a mixed shelf offering targeting up to USD 500 million.

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NAT Launches Public Offering as Part of Recapitalization

NAT has announced an underwritten public offering of USD 100 million of its common shares.

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GoodBulk to Raise USD 80 Mn for CarVal Ships

GoodBulk is selling its shares to collect up to USD 80 million to finance the purchase of six CarVal dry bulkers.

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Brittany Ferries Inks Financing for LNG-Powered Unit

EIB, Societe Generale and Brittany Ferries sign first green maritime financing under Green Shipping Guarantee (GSG) ...

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PT2SB Pens USD 1.25 Bn Financing Deal for Malaysian Terminal

A USD 1.25 billion senior financing agreement has been signed to fund the PT2SB oil storage terminal in Pengeran.

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Eagle Bulk Secures USD 265 Mn Refinancing

Eagle Bulk Shipping has entered into a series of refinancing transactions totalling USD 265 million.

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Teekay LNG Partners Secures USD 816 Mn Loan for LNG Carriers

Teekay LNG Partners has completed a USD 816 million loan to finance six ARC7 LNG carrier newbuildings.

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 ICBC Leasing’s Portfolio Hits USD 10 Bn

The portfolio of ICBC Leasing, the largest Chinese leasing firm, has reached USD 10 billion in just ten years.

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Pyxis Tankers Arranges USD 4.8 Million Private Placement

Pyxis Tankers has arranged a USD 4.8 million private placement in an effort to improve its financial structure.

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Report: HSH Nordbank to Land USD 237 Mn from Sale

German shipping lender HSH Nordbank could fetch a price of USD 237 million (EUR 200 million) from potential new ...

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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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