Sailing the Seven Seas

Have you ever thought about the first journey of a ship, her maiden voyage from the shipyard to its owner?

Bahri Seals USD 126 Mn Loan for VLCC Duo

The National Shipping Company of Saudi Arabia (Bahri) has secured USD 126 million in financing with the Bank of ...

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Safe Bulkers, ING Bank Change Loan Terms

Greece-based dry bulk shipowner Safe Bulkers, Inc. has agreed with ING Bank N.V. to amend certain terms of an ...

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NordLB to Face Execution Risks if It Cuts Shipping Loans

The German shipping bank Norddeutsche Landesbank (Nord/LB) could encounter high execution risks if it goes through ...

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Aurora LPG Inks Loan for Final Newbuilding

Oslo-listed LPG tanker owner Aurora LPG Holding ASA has signed the term sheet for the financing of its sixth and ...

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NordLB's Loan Losses Surge Due to Shipping Woes

Due to the repeated deteriorating situation in the shipping markets, German shipping bank Norddeutsche Landesbank ...

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Scorpio Bulkers, Lenders Modify Loan Terms

NYSE-listed dry bulk owner and operator Scorpio Bulkers, Inc. has struck a deal in principle with its lenders to ...

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EU Approves HSH Nordbank Sale

The European Commission has adopted a resolution on state aid proceedings for Germany’s HSH Nordbank, ...

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Yamal LNG Secures Funding from Chinese Banks

Russia’s USD 27 billion Yamal LNG project has secured financing from two Chinese banks worth a total of USD ...

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DryShips' Ability to Continue Compromised?

 New York-listed owner of drybulk carriers and offshore support vessels DryShips said that it had defaulted on some ...

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Globus Maritime Delays Loan Payments

Greek dry bulk shipping company Globus Maritime Limited has reached agreements with two of its lenders to postpone ...

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CSSC Shipping Secures USD 245 Mn Loan for Six Bulkers

CSSC (Hong Kong) Shipping, a ship owning and leasing arm of China State Shipbuilding Corporation (CSSC), has ...

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Deutsche Bank Disposing of Maher Terminals USA

Germany’s commercial and investment bank Deutsche Bank has reached an agreement with Macquarie Infrastructure ...

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