Scorpio Bulkers Inc. Announces the Refinancing of a Kamsarmax Vessel

Scorpio Bulkers Inc. Announces the Refinancing of a Kamsarmax Vessel

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that the Company has entered into a financing transaction in respect of one of the Company’s Kamsarmax vessels with an unaffiliated third …
Feb 22, 2019 /  Finance
A.P. Moller - Maersk initiates demerger and separate listing of Maersk Drilling

A.P. Moller - Maersk initiates demerger and separate listing of Maersk Drilling

In continuation of the announcement on 17 August 2018, the A.P. Møller - Mærsk A/S (A.P. Moller - Maersk) Board of Directors has decided to initiate the separation of A.P. Moller - Maersk's drilling …
Feb 21, 2019 /  Finance
Boskalis expands market position in marine survey through acquisition Horizon

Boskalis expands market position in marine survey through acquisition Horizon

Royal Boskalis Westminster N.V. (Boskalis) has acquired a 62.5% majority stake in the Horizon Group (Horizon) from the United Arab Emirates. Horizon's main activities include marine geophysical surveys and geotechnical …
Feb 21, 2019 /  Finance
Milaha increases its stake in Nakilat to 36.3%

Milaha increases its stake in Nakilat to 36.3%

Qatar Navigation Q.P.S.C. (Milaha) announced that its subsidiary, Qatar Shipping Company WLL has entered into an agreement for acquiring the entire stake of Qatar Investment Authority in Qatar Gas Transport Company Ltd …
Feb 7, 2019 /  Finance
Hyundai Merchant Marine Held ‘PSA-Hyundai Pusan New Port (PHPNT) Sales Contract’ Signing Ceremony

Hyundai Merchant Marine Held ‘PSA-Hyundai Pusan New Port (PHPNT) Sales Contract’ Signing Ceremony

On January 30, 2019, HMM announced that it held a signing ceremony for the ‘PSA-Hyundai Pusan New Port (PHPNT) Pier 4’ sales contract. Caption: Commemorative group photograph taken at the signing …
Jan 31, 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
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