Announcement for the Expression of Interest

Acquiring Part of the Assets of Hellenic Shipyards S.A. Under Special Administration (Greece)

L.G.R. di Navigazione Secures Refinancing Deal

Naples-based shipping company L.G.R. di Navigazione has reached an agreement for a USD 28.8 million loan facility, ...

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Shipping Bonds Issuance Momentum Explained

Faced with the lack of available funding, a growing number of shipping companies have taken advantage of the low ...

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Update: Scorpio Bulkers Abandons Share Offering Plan

Dry bulk shipping company Scorpio Bulkers has determined not to proceed with its announced underwritten public ...

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Costamare Secures Loan, Reports Strong Quarter

Greece-based containership owner Costamare has entered into a loan agreement to finance the acquisition of 7,471 ...

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Alpha Bank Secures USD 250 Mn for Shipping Industry

Greek lender Alpha Bank has completed a financing transaction of USD 250 million through shipping securitisation ...

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Scorpio Bulkers Secures USD 85.5 Mn Loan

Monaco-based dry bulk shipping company Scorpio Bulkers Inc. has received a commitment for a loan facility of up to ...

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Safe Bulkers Secures Fresh Funds to Pay Back Loans

Monaco-based owner of dry bulk carriers Safe Bulkers has refinanced USD 74.9 million loans outstanding, the company ...

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Wilhelmsen Maritime Services Inks USD 640 Mn Loan

Wilhelmsen Maritime Services AS, part of Norwegian Wilhelmsen Group, has entered into a new 5-year credit facility ...

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Chinese Banks- New Source of Capital for Shipping?

Chinese banks seem to be the emerging power when it comes to securing capital for the shipping industry. The market ...

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India Secures Loan to Upgrade Alang Recycling Yard

The Government of India has signed a loan agreement worth USD 76 million for a project to upgrade the environment ...

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Enterprise Secures New Revolving Loans

US-based Enterprise Products Partners has, through its operating subsidiary, Enterprise Products Operating, entered ...

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Capital Product Partners Secures USD 460 Mn Loan

Greek shipping company Capital Product Partners has entered into a firm offer letter for a new senior secured term ...

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Frontline Agrees Loans to Partially Finance Four Ship Deals

Tanker owner and operator Frontline signed two senior secured term loan facilities of USD 110.5 million each to ...

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Petrofin Research: Bank Ship Lending Dwindles

The shipping industry saw USD 42.5 billion removed from the ship lending jar in 2016, according to Petrofin ...

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Korean Bank to Fund Philippines' New Cebu Port

South Korean bank Korea Eximbank (KEXIM) has granted its approval for a financial injection for the ...

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JP Morgan Targets Shipping Assets with New Fund

JP Morgan Asset Management has raised USD 480 million from insurers and pension funds aimed at investing into ...

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HSH Nordbank’s Shipping Loan Losses Reach USD 221 Mn

With persistent shipping woes, the German-based provider of shipping finance HSH Nordbank has seen its loan loss ...

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DSME Selling USD 702 Mn Worth of New Shares

In an effort to improve its financial situation, the South Korean shipbuilder Daewoo Shipbuilding & Marine ...

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New JV to Help Banks Outsource Exposure to Shipping Loans

Hamburg’s maritime asset management firm Ernst Russ AG and Jersey-based investment group Ecofin Holdings ...

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Moody's: German Shipping Lenders Face Squeeze on Profits

Albeit early signs of recovery became visible during the first months of 2017, the shipping industry’s ...

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ISH Moves Towards Emergence from Bankruptcy

Alabama-based shipping company International Shipholding Corporation (ISH) has received the necessary approvals ...

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Commerzbank Takes Step Toward Selling Bad Shipping Loans

German financial services company Commerzbank has returned its regulatory licence to conduct business concerning ...

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Dorian LPG Amends Debt Facility

US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG has entered into an agreement with its ...

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DryShips Bags Financing for Four VLGCs

Greek shipowner DryShips has won “firm commitment” for a senior secured credit facility of up to USD ...

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ICC: USD 1.6 Trn Gap in Global Trade Finance

There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said ...

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ABN AMRO to Finance BWT Systems for Celsius Shipping

Dutch ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast ...

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HSH Nordbank's Shipping Provisions Reach USD 2.1 Bn

Germany’s shipping finance provider HSH Nordbank has reported high loan loss provisions as it set aside EUR 2 ...

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