ECO-friendly shuttle tankers secure financing of innovative new VOC technology developed in Norway

ECO-friendly shuttle tankers secure financing of innovative new VOC technology developed in Norway

Teekay Offshore has secured long-term financing from the Norwegian Government for four new shuttle tankers being built at Samsung Heavy Industries (SHI) in South Korea. The shuttle tankers are all equipped with a new …
May 22, 2019 /  Vessels
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
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
Watson Farley & Williams advises Teekay Offshore on US$414m ECA-backed shuttle tanker newbuild loan

Watson Farley & Williams advises Teekay Offshore on US$414m ECA-backed shuttle tanker newbuild loan

Watson Farley & Williams (WFW) advised long-standing client Teekay Offshore Partners L.P. (Teekay Offshore) on a US$414m debt facility to fund four LNG-fuelled newbuild shuttle tankers. The facility, which bears …
Apr 11, 2019 /  Finance
Teekay Offshore Partners Secures New $414 Million Debt Facility for Four Shuttle Tanker Newbuilds

Teekay Offshore Partners Secures New $414 Million Debt Facility for Four Shuttle Tanker Newbuilds

Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) announced yesterday that it has secured a new $414 million long-term debt facility that will be used to finance four LNG-fueled Suezmax DP2 shuttle tanker …
Apr 5, 2019 /  Finance
Scorpio Bulkers Announces Agreements to Increase Existing Credit Facilities by $41Mln to Finance Exhaust Gas Cleaning Systems

Scorpio Bulkers Announces Agreements to Increase Existing Credit Facilities by $41Mln to Finance Exhaust Gas Cleaning Systems

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that the Company has reached agreements with certain lenders to increase certain existing credit facilities by a total of $41 million to finance the …
Apr 1, 2019 /  Finance
Port of Tyne secures £60M refinancing deal from Lloyds Bank

Port of Tyne secures £60M refinancing deal from Lloyds Bank

Port of Tyne has secured a £60m refinancing package from Lloyds Bank Commercial Banking. The Port of Tyne – which operates one of the UK’s major ports – has secured a £60m refinancing …
Mar 6, 2019 /  Finance
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