It Took Us 2 Years to Be Taken Seriously

xChange representatives reveal challenges faced during launching of their startup and plans ahead.

Chinese Bank Provides Funding for Navibulgar's Newbuilds

The Export-Import Bank of China is to provide USD 94 million in financing for Navibulgar's six new bulk carriers. 

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Irish Continental Group Gets Loan for New Ferry

Irish Continental Group has secured a loan to finance the construction of the 2nd new vessel for Irish Ferries.

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Scorpio Tankers to Raise USD 334 Mn of New Liquidity

Scorpio Tankers is looking to raise up to USD 334 million through a series of bank loans and sale leasebacks.

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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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Bahri Dry Bulk Secures Funds for Newbuilding Quartet

Bahri Dry Bulk has secured a funding of USD 96 million from Bank Albilad to finance the purchase of four new bulkers. 

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KfW IPEX-Bank Finances Arklow's Bulker Quartet

German KfW IPEX-Bank is to finance four bulker newbuildings owned by Irelands' Arklow Shipping. 

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PT2SB Pens USD 1.25 Bn Financing Deal for Malaysian Terminal

A USD 1.25 billion senior financing agreement has been signed to fund the PT2SB oil storage terminal in Pengeran.

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Ocean Yield Provides Financing for NAT's Suezmax Trio

Norwegian shipowner Ocean Yield has inked a deal to acquire Nordic American Tankers’ (NAT) three Suezmax ...

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Flex LNG Secures USD 315 Mn to Finance Newbuildings

Oslo-listed ship owner and operator Flex LNG has reached an agreement on a loan facility to finance three of its ...

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Teekay LNG Nets USD 327 Mn of Financing

Teekay LNG Partners has secured a USD 327 million long-term debt facility to finance a Floating Storage Unit (FSU), ...

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COSCO Shipping Selling USD 2 Bn of Shares to Fund Boxships

China’s COSCO Shipping Holdings has unveiled its intentions to raise up to CNY 12.9 billion (USD 1.9 billion) ...

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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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NAT Agrees Financing Terms for Suezmax Trio

Bermuda-based Nordic American Tankers (NAT) has signed the main terms for the financing of the outstanding ...

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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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Royal Caribbean Inks Financing Deals for Icon Ships

Miami-based cruise company Royal Caribbean International has entered into credit agreements for the financing of ...

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Fleetscape Raises USD 400 Mn of Capital

Capital provider to the maritime industry Fleetscape Capital Holdings Limited (Fleetscape) has collected USD 400 ...

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BW Gas Gets Financing for BW Integrity FSRU

Credit Agricole Corporate and Investment Bank (CA-CIB) and KfW-IPEX Bank (KfW) have provided a USD 191.8 million ...

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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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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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Capital Product Partners Secures USD 460 Mn Loan

Athens-based shipping company Capital Product Partners has secured a new USD 460 million loan for the refinancing ...

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