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Tagged in financing
SBM Offshore completes US$1.63 billion financing of Almirante Tamandaré
SBM Offshore recently announced that it has secured project financing for its FPSO Almirante Tamandaré, with a total value of US$1.63 billion. The financing is being provided by a consortium of 13 international banks, backed by insurance cover …
Apr 10, 2023 / Finance
Furetank first shipping company granted green credit guarantee: "An important step in the industry transformation”
As the first shipping company in Sweden, Furetank has been granted a green credit guarantee by the Swedish Export Credit Agency for financing a vessel of top-class environmental and climate standard. The approval is pioneering for shipping, enabling …
Apr 5, 2022 / Finance
Top Ships Inc. Announces Credit Committee Approval for the Financing of its Last Newbuilding Vessel and Fully Funded Status
TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has obtained credit committee approval from a major international financier for the financing, via a sale and leaseback …
Feb 3, 2022 / Finance
Scorpio Tankers Inc. Announces Agreements to Sell 14 Vessels, an Update on Financings, and Preliminary Q4 2021 Daily TCE Revenues
Scorpio Tankers Inc. (NYSE:STNG) (Scorpio Tankers) announces that the Company has entered into agreements to sell 14 vessels (two MRs and 12 LR1s), an update on financings, and the preliminary Q4 2021 daily TCE revenues. Caption: Chemical/Oil …
Jan 27, 2022 / Finance
Belships ASA: Refinancing two vessels with long term lease agreements
Belships has entered into agreements to sell and lease back BELLIGHT and BELFOREST on bareboat charters for 10 and 11.5 years, respectively. The agreements come with options to repurchase the vessels at below current market levels. There are no …
Jan 19, 2022 / Finance
Seaspan's 70 Vessel Newbuild Program is Now Fully Financed Following Completion of Innovative $1.4 billion Structured Financing
Seaspan Corporation (Seaspan), a wholly-owned subsidiary of Atlas Corp. (Atlas) (NYSE: ATCO), today announced that on December 23, 2021, it secured the last of its financings for its full 70 vessel newbuild program, including three vessels recently …
Jan 6, 2022 / Finance
SCF concludes new international project financing for two shuttle tankers
PAO Sovcomflot (SCF Group) has signed a new USD 110 million credit facility, for ten years, with three leading international banks: ING BANK N.V.; SMBC BANK EU AG and UNICREDIT BANK AG.The facility will be used to finance two new ice-class shuttle …
Nov 15, 2021 / Finance
MPC Container Ships ASA secures new financing facility, agrees on sale of six vessels and provides update on charter fixtures
MPC Container Ships ASA (MPCC) announced earlier today the following measures that will increase the Company’s balance sheet flexibility in order to execute on the Group’s plan to commence returning capital to investors. These changes are consistent …
Oct 20, 2021 / Curious
SBM Offshore completes US$1.6 billion financing of Sepetiba
SBM Offshore announced earlier today it has completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which is the largest project financing in the Company’s history.The project financing was secured by a consortium of 13 …
Sep 16, 2021 / Finance
Avance Gas Holding Ltd – Signed Sustainability-Linked Financing for the two first dual-fuel newbuildings
Avance Gas Holding Ltd announced earlier today the successful signing and completion of the $104 million sustainability-linked term facility with a bank syndicate previously announced in May 2021. The transaction will secure financing of the two …
Jul 7, 2021 / Finance