Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California

Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced today that it has …
Jan 22, 2019 /  Finance
Eagle Bulk Shipping Inc. Receives Commitment for a New Credit Facility Totaling USD 208 Million

Eagle Bulk Shipping Inc. Receives Commitment for a New Credit Facility Totaling USD 208 Million

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle) announced today that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, has received a loan commitment from a consortium of banks for a new five year senior …
Jan 22, 2019 /  Finance
FRONTLINE: Increase in Ownership Interest in Feen Marine Scrubbers

FRONTLINE: Increase in Ownership Interest in Feen Marine Scrubbers

Frontline Ltd. (Frontline) (NYSE:FRO) Tuesday (Jan15) announced that its ownership interest in Feen Marine Scrubbers Inc. (FMSI) has increased to 28.9% following the purchase by FMSI of a 30.8% stake in FMSI from …
Jan 16, 2019 /  Finance
Stena Line invests £5M in fleet upgrade

Stena Line invests £5M in fleet upgrade

Leading ferry company Stena Line has started work on a £5m refit programme of its local ferry fleet at Belfast’s Harland and Wolff shipyard. The 10-week upgrade schedule will see five Stena Line vessels dry …
Jan 11, 2019 /  Finance
Port of Baltimore receives $2.4 million from EPA to help promote clean air

Port of Baltimore receives $2.4 million from EPA to help promote clean air

Funding Will Go Towards Replacement of Dray Trucks, Cargo-Handling Equipment and Repowering of Marine Engines The Helen Delich Bentley Port of Baltimore was awarded $2.4 million from the U.S. Environmental Protection …
Jan 10, 2019 /  Finance
Pan Ocean Expects $13 Billion Lower Revenues from Vale Deal, After Recent Revision to Account for Lower Bunker Costs

Pan Ocean Expects $13 Billion Lower Revenues from Vale Deal, After Recent Revision to Account for Lower Bunker Costs

Further to Announcement released on SGX-ST on 22 September 2009, Pan Ocean Co., Ltd. (the Company) has announced  that the Company and Vale International SA (Vale) have mutually agreed to change the previous …
Jan 4, 2019 /  Finance
Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

South Korea's Hyundai Heavy Industries Group said Thursday its three arms are seeking to secure combined deals worth US$15.9 billion this year in the shipbuilding segment. The combined target of Hyundai Heavy Industries …
Jan 4, 2019 /  Finance
Concordia Maritime announces sale of positions in chartered-in Suezmax vessels

Concordia Maritime announces sale of positions in chartered-in Suezmax vessels

Concordia Maritime is selling the positions previously taken in four chartered-in Suezmax vessels. The economic value corresponds to an EBITDA of USD 5.3 million. Caption: Suezmax Crude Oil Tanker Stena Supreme - …
Dec 19, 2018 /  Finance
Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore Ltd. (NYSE: NAO) announced today that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti …
Dec 12, 2018 /  Finance
$25 Million BUILD Grant Awarded to Improve South Carolina’s Supply Chain

$25 Million BUILD Grant Awarded to Improve South Carolina’s Supply Chain

Tuesday (Dec11) the United States Department of Transportation (USDOT) announced a $25 million Better Utilizing Investments to Leverage Development (BUILD) grant to support the expansion at South Carolina Ports …
Dec 12, 2018 /  Finance