Sailcargo Returning to Basics to Tackle Emissions

Ceiba

Sailcargo goes back to the roots of shipbuilding industry.

Korea Eximbank Pledges Over USD 700 Mn for Shipping

Money

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

Terminal

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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Navios Containers Raising USD 30 Mn for More Ships

Navios Containers will raise up to USD 30 million in a private placement to finance possible vessel acquisitions.

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GulfNav Raises More Capital for Expansion

GulfNav concludes capital raising through trading of the rights issue, drops public offering plans.

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Ocean Yield Collects USD 95 Mn to Invest in More Ships

Ocean Yield has raised USD 95.8 million in net proceeds from a private placement.

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Star Bulk in Debt Refinancing Drive

Star Bulk Carriers has received two separate commitments from banks for refinancing of loan facilities.

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Pyxis Tankers Refinances USD 26.9 Mn of Loans

Pyxis Tankers has refinanced USD 26.9 million of outstanding loans on three of its product tankers.

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HSH Nordabank Sold

Sale of German shipping lender HSH Nordbank finalized.

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Scotland Funds Study on Wind-to-Hydrogen Ferry Service

Scotland grants funding for a feasibility study into developing a hydrogen-powered ferry service.

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EIB, ING Earmark Over USD 370 Mn for Green Shipping

EIB and ING assign EUR 300 million (USD 372.5million) for green shipping investments.

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Readers' Picks of the Week

Check out the most read stories from last week.

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Navios Partners Raising Funds for Vessel Acquisitions

Navios Partners selling shares to raise funds for general working capital purposes and vessel acquisitions.

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Sovcomflot Secures Loan for Arctic Shuttle Tanker

Sovcomflot, Sberbank agreed a new USD 106 million loan to finance the construction of a shuttle tanker.

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Commerzbank Reduces Shipping Loans by USD 2.7 Bn

Germany's Commerzbank continued with its efforts to dispose of bad shipping loans in 2017. 

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BW LPG Seals USD 150 Million Refinancing Deal

BW LPG Limited has signed a USD 150 million loan agreement with a syndicate of lenders.

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NRDC's Container Handling Tariff Cut Credit Negative

China's NRDC announced a reduction in the benchmark container handling tariff for import and export containers.

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UK Gov't Doubles SMarT Budget

More than 400 extra cadets in the UK will be trained in maritime roles every year thanks to a funding boost.

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