Ukrainian Ports to Become Deeper and Greener


USPA is making Ukrainian ports greener through a new concept.

FSL Trust Secures Refinancing for Chemical Tanker Pair


FSL Trust Management Pte has obtained a commitment of up to USD 18 million for the refinancing of two chemical tankers.

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Teekay LNG in Refinancing Mood

Teekay LNG carrier

Teekay LNG Partners has refinanced an outstanding debt facility of USD 58 million due in 2018.

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DFDS Raises USD 160 Mn

dfds ship

DFDS has raised USD 160 million via a private placement of shares.

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Genco Agrees USD 460 Mn Refinancing

Genco bulker

Genco has entered into a commitment letter for a five-year USD 460 million senior secured credit facility.

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DryShips Pens Sale and Leaseback Deal for Six Bulkers


Greek shipowner DryShips signed sale and leaseback agreements for six bulkers with Chinese lenders.

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Payment in Container Shipping in Dire Need of Digitization


The payment process in container shipping ready for digital disruption.

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Euroseas Agrees Charter and Financing for New Bulker


Euroseas secured a time charter contract, as well as a a bank loan, for its newbuilding Kamsarmax, the Ekaterini.

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Seaspan Nabs USD 120 Mn for GCI Newbuild Duo


Seaspan Corporation has penned a USD 120 million financing deal intended for 10,000 TEU containership pair.

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Costamare Busy as a Bee

Costamare vessel transiting Suez Canal

Costamare in fleet renewal mode as it refinances outstanding loan.

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Scorpio Tankers Lands USD 196 Mn in Loans

Money ship

Scorpio Tankers has secured commitments from four European banks for up to USD 195.9 million worth of loans.

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KfW to Back Responsible Ship Recycling


German lender KfW IPEX-Bank joins the Responsible Ship Recycling Standards initiative.

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Scorpio Tankers to Raise USD 334 Mn of New Liquidity

Scorpio Tankers is looking to raise up to USD 334 million through a series of bank loans and sale leasebacks.

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Euronav Nabs Vessel Financing as It Bleeds Red in Q1, 2018

euronav tanker

Belgian tanker owner and operator secures financing for Ice Class Suezmaxes, FSOs.

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DHT Holdings Clinches USD 485 Mn Refinancing Deal


DHT Holdings secures a USD 485 million credit facility for the refinancing of 13 VLCCs.

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Clarksons Succumbs to Market Headwinds


Clarkson PLC expects its profits for the first half and the full year to drop significantly due to market headwinds.

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Korea Eximbank Pledges Over USD 700 Mn for Shipping


Export–Import Bank of Korea has committed to provide KRW 800 billion worth of loans for South Korean shipping.

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Scorpio Bulkers Agrees Refinancing for Ultramax

Scorpio Bulkers vessel

Scorpio Bulkers signed a refinancing deal for one of its Ultramax vessels with an unaffiliated third party in Japan.

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SAAM to Invest USD 85 Mn in Fleet and Infrastructure


SAAM to invest USD 85 million to reinforce its tug fleet and maintain port equipment and infrastructure.

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Sovcomflot Inks USD 252 Mn Financing for Six Aframaxes

Signing ceremony

Sovcomflot has signed a new USD 252 million credit facility to finance a series of six Aframax tankers.

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K Line Secures USD 180 Mn Refinancing for LNG Tanker Duo

LNG Carrier

K Line secured a USD 180 million refinancing for two of its LNG vessels, according to Watson Farley & Williams.

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Scorpio Bulkers Secures Loan for Kamsarmax Newbuilding

Illustration: Scorpio Bulkers vessel

Scorpio Bulkers has received a commitment for a new loan to finance its Kamsarmax bulk carrier newbuilding.

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HMM Nets USD 420 Million to Build 5 VLCCs

Hyundai Merchant Marine has secured USD 420 million to finance construction of five very large crude carriers.

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Dry Bulk Shipping ETF Rolled Out

The fund has been set up by Breakwave Advisors in partnership with ETF Managers Group.

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Dorian LPG Agrees Sale and Leaseback for Corvette

Dorian LPG entered into a sale and bareboat charter arrangement for its 84,000 cbm carrier Corvette.

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Ernst Russ Ditches Its Marenave Stake

Ernst Russ has sold its stake in compatriot Marenave Schiffahrts AG.

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Readers' Picks of the Week

Here are the most read stories from last week.

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KOTC Seals Financing for Eight Tankers, Orders VLCC

Kuwait Oil Tankers Company secures over USD 400 million in financing, orders super tanker in China.

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