Shipping’s Decarbonization Will Need Major R&D Investment

Collaboration and investment in technology development key for meeting IMO's targets

Navigator Gas Secures Loan to Partially Finance Newbuilding

Owner and operator of handysize liquefied gas carriers Navigator Gas has, together with Navigator Holdings ...

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MOL Signs Deal for USD 988 Mn Loan

Japanese shipping company Mitsui O.S.K. Lines (MOL) has entered into an agreement for a JPY 100 billion (USD 988.6 ...

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Ship Finance to Issue USD 200 Mn of Convertible Bonds

New York-listed Ship Finance International Limited revealed its plans to offer USD 200 million aggregate principal ...

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Shipping Markets Crisis to Impact DVB Bank's Net Income

Due to a further escalation of the shipping markets crisis, Germany’s transport finance specialist DVB Bank said ...

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Navios Acquisition Loans USD 70 Million to Navios Holdings

NYSE-listed owner and operator of tanker vessels Navios Maritime Acquisition Corporation has agreed to provide a ...

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Scorpio Tankers Signs USD 372 Mn Loan

Monaco-based tanker owner Scorpio Tankers has entered into a a loan facility with Nordea Bank Finland Plc, New York ...

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HSH Nordbank's Shipping Loan Loss Provisions Still High

Due to persistently difficult conditions in the shipping market seen during the first half of 2016, loan loss ...

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Bahri Secures Loan for Five Chemical Tankers

The National Shipping Company of Saudi Arabia (Bahri) has signed an agreement for a USD 133.2 million loan facility ...

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Report: RBS to Sell Turkish Shipping Loans?

The Royal Bank of Scotland has reportedly decided to sell its portfolio of Turkish shipping loans after facing a ...

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COSCO, EXIM Bank Ink USD 18 Bln Financing Deal

China Ocean Shipping Group (COSCO) and China Export-Import (EXIM) Bank signed a CNY 120 billion (USD 18 ...

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Konecranes Secures Loan to Buy Terex’s MHPS

Finnish manufacturer of cranes Konecranes Plc has signed EUR 1.5 billion (USD 1.6 billion) unsecured financing ...

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Safe Bulkers Amends Term Loan No. 5

NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has agreed with the Royal Bank of Scotland to amend ...

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Safe Bulkers Amends Term Loan with Danish Ship Finance

Monaco-based dry bulk ship owner and operator Safe Bulkers has reached an agreement with Danmarks Skibskredit A/S ...

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ICTSI's Australia Unit Secures USD 304 Mn Loan

Victoria International Container Terminal (VICT), a unit of International Container Terminal Services Inc (ICTSI), ...

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Scorpio Tankers Secures USD 300 Mn Loan

Monaco-based tanker owner Scorpio Tankers has received an approval for a loan of up to USD 300 million from ABN ...

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Safe Bulkers Amends Debt Terms with DVB Bank

Dry bulk ship owner and operator Safe Bulkers has reached an agreement with Germany’s DVB Bank to amend ...

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Berenberg Secures USD 500 Mn for Shipping Loans

Hamburg-based banking company Joh. Berenberg, Gossler & Co. (Berenberg Bank) has secured some USD 500 million ...

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Gener8 Maritime Changes Loan Terms to Finance Two Newbuilds

US-based Gener8 Maritime has entered into an amendment to an existing senior secured credit facility to finance the ...

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HSH Nordbank Offloads Billions Worth of Bad Shipping Loans

Germany’s HSH Nordbank, one of the world’s biggest providers of shipping finance, transferred a ...

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Finnlines Bags USD 55 Million EIB Loan for Eco Retrofits

Finnish ferry operator Finnlines has inked a EUR 50-million (more than USD 55 million) loan agreement with the ...

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Latvian Shipping Company Extends Tanker Loan

Latvian Shipping Company (LSC) has reached the agreement to extend its loan facility on Medium Range tankers ...

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Report: ECB Begins Review into Banks' Shipping Exposure

As the shipping industry continues facing a weak demand, the European Central Bank (ECB) kicked off a review into ...

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SCF Inks USD 260 Mn Loan to Finance Arctic LNG Tanker

Russia’s largest shipping company SCF Group (PAO Sovcomflot) and its compatriot VTB Bank signed a USD 260 ...

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Korean Banks Hit Hard by Shipbuilding Woes

After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks, the ...

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International Shipholding Corporation Delays Loan Payment

US shipowner International Shipholding Corporation (ISH) has reached an agreement with its lenders under which the ...

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HSH to Sell USD 3.7 Bn, Transfer USD 5.6 Bn in Bad Loans

Germany’s HSH Nordbank, one of the world’s biggest providers of shipping finance is putting up for sale up to EUR ...

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Marenave Could Sell Entire Fleet to Repay Loans

Hamburg-based shipping trust Marenave Schiffahrts said that it received a letter of intent from its lenders stating ...

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