United Arab Shipping Company S.A.G. (UASC) has concluded a bilateral facility worth USD 190 million with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels forming part of UASC’s newbuilding order of seventeen vessels, comprised of eleven 14,000 TEU vessels and six 18,000 TEU vessels. UASC has ordered these ultra […]
June 26, 2014 | Posted in
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Jiang Men Hongda Shipyard Ltd. based in Guangdong, has, through Hongda Investment Pte. Ltd. (HDI), an investment holding company, received a USD 1.2 million capital injection. ASL Marine Holdings Ltd. has on 8 May 2014 injected an amount of USD 720,000 into the capital of its 60% owned subsidiary HDI whereas the company’s other shareholder […]
May 8, 2014 | Posted in
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Tsakos Energy Navigation Ltd., a crude, product and LNG tanker operator, has closed its successful public offering of 11,000,000 common shares at a price of $7.30 per share. The underwriters also have a 30-day option to purchase up to an additional 1,650,000 common shares. The gross proceeds of the offering are $80.3 million. The company […]
May 2, 2014 | Posted in
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Electromagnetic Geoservices ASA (EMGS) has received additional pre-funding for the ongoing Daybreak 3D multi- client electromagnetic survey in the Alaminos Canyon protraction of the US Gulf of Mexico. The survey started on 22 February and is expected to be completed mid-June with integrated data delivery starting in June. The survey has strong industry funding. “We […]
Tsakos Energy Navigation Ltd. (TEN), a Greece-based crude, product and LNG tanker operator, said on Thursday that its public offering of 11,000,000 common shares was priced at $7.30 per share. Entities affiliated with the Tsakos Holdings Foundation, which is the company’s largest shareholder, have agreed to purchase 500,000 common shares in the offering. The gross […]
April 25, 2014 | Posted in
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Navig8 Crude Tankers Inc has concluded secondary private placement and raisedUSD 245 million at a subscription price of USD 13.50 per share. The Private Placement money will be used to boost VLCC orderbook with six (6) additional newbuild orders as well as the existing eight (8) VLCC newbuilds already ordered by the company at Hyundai […]
March 21, 2014 | Posted in
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Dorian LPG Ltd. has successfully completed a private placement of 28,182,000 new common shares of USD 0.01 par value at a subscription price of NOK 22 per share, raising NOK 620 million (approx. USD 100 million) in gross proceeds to the company (the “Private Placement”). The company plans to use the proceeds from the Private […]
February 10, 2014 | Posted in
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Dolphin International AS, a subsidiary of Fred. Olsen Energy ASA, has signed a new five year bank credit facility of up to USD 1.500 million. The credit facility will be used to prepay existing bank loans, full-finance the newbuild Bolette Dolphin, under construction at Hyundai Heavy Industries’ shipyard in South Korea, and for general corporate purposes. […]
June 8, 2012 | Posted in
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The European Union is pushing more cash towards maritime projects either through project funding, or through a review of the lending… (IMDO) Source: IMDO, September 27, 2011.
A luxury cruise liner from China made its first voyage to Kaohsiung Monday, an event expected to usher in a new era of direct scheduled cruise services between the southern Taiwanese port and China. The Cosco Star cruise liner, with 300 passengers aboard, arrived at Kaohsiung Harbor at 7 a.m. after a nearly 10-hour voyage […]
May 10, 2010 | Posted in
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