Tallink Grupp signs loan agreement for new LNG powered fast ferry

Tallink Grupp signs loan agreement for new LNG powered fast ferry

AS Tallink Grupp's subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed the loan agreement in the amount of EUR 197,6 million to finance the new EUR 247 million LNG powered fast ferry currently under …
Jul 8, 2019 /  Finance
Peel Ports: City Deal funding for new Greenock Ocean Terminal development approved

Peel Ports: City Deal funding for new Greenock Ocean Terminal development approved

City Deal funding towards the £19.193m cost of the new cruise berthing and visitor centre at Greenock Ocean Terminal has been confirmed, it was revealed last Monday (Jul 01). At its June meeting, the Glasgow City …
Jul 8, 2019 /  Finance
Sovcomflot and VEB.RF sign financial agreements for the construction of LNG-fuelled MR tankers

Sovcomflot and VEB.RF sign financial agreements for the construction of LNG-fuelled MR tankers

Friday (Jun 07), at the St. Petersburg International Economic Forum, Sovcomflot and VEB.RF Group announced the signing of agreements whereby VEB Leasing will finance the construction of three new LNG-fuelled MR …
Jun 10, 2019 /  Finance
Clipper Group AS Strengthened Earnings in 2018

Clipper Group AS Strengthened Earnings in 2018

Clipper Group A/S improved its operating profit (EBIT) in 2018. EBIT came at USD 13 million versus an operating loss of USD 12 million in 2017. The Group’s net result was positive at USD 0.5 million, compared to a …
Jun 3, 2019 /  Finance
Teekay Offshore Partners Secures $450 Million Shuttle Tanker Fleet Refinancing

Teekay Offshore Partners Secures $450 Million Shuttle Tanker Fleet Refinancing

Тeekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) announced Thursday (May23) that in accordance with previously noted financing plans, it has secured a new $450 million revolving credit facility for sixteen …
May 27, 2019 /  Finance
Flex LNG signs $550m of financing for four LNG carriers

Flex LNG signs $550m of financing for four LNG carriers

Flex LNG LTD (OSE:FLNG) (Flex LNG) announced on Monday (Apr29) that it has entered into a sale-charter back transaction with Hyundai Glovis Co. Ltd. (Hyundai Glovis) for the vessels Flex Endeavour and Flex …
May 3, 2019 /  Finance
Teekay Offshore Partners Announces $100 Million FPSO Fleet Refinancing

Teekay Offshore Partners Announces $100 Million FPSO Fleet Refinancing

Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) announced yesterday that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO …
May 2, 2019 /  Finance
Mitsui O.S.K. Lines Ltd. to acquire strategic stake in six group companies (each owning a Very Large Ethane Carrier) of RIL

Mitsui O.S.K. Lines Ltd. to acquire strategic stake in six group companies (each owning a Very Large Ethane Carrier) of RIL

Reliance Ethane Holding Pte. Ltd. (REHPL) (incorporated in Singapore, a wholly owned subsidiary of Reliance Industries Limited (RIL), having 100% holding in six limited liability companies (LLCs) which own Very Large …
Apr 19, 2019 /  Finance
Navios Maritime Acquisition Corporation Announces $103.2 million Sale and Leaseback Transaction

Navios Maritime Acquisition Corporation Announces $103.2 million Sale and Leaseback Transaction

Navios Maritime Acquisition Corporation (Navios Acquisition) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has completed a $103.2 million sale and leaseback transaction (Transaction) for …
Apr 18, 2019 /  Finance
Golar LNG received a firm USD 700Mln Financing Commitment for FLNG Gimi

Golar LNG received a firm USD 700Mln Financing Commitment for FLNG Gimi

Golar LNG Limited (Golar) announced yesterday that, further to the announcement made on February 26 with regards to the BP Tortue project, Gimi MS Corporation (Gimi MS), a 70% owned subsidiary of Golar, has received a …
Apr 17, 2019 /  Finance