Seaspan To Increase Its Pool Of Unencumbered Assets To 18 Vessels

Seaspan To Increase Its Pool Of Unencumbered Assets To 18 Vessels

Seaspan Corporation (Seaspan) (NYSE:SSW) announced that it has prepaid two credit facilities which were secured by six of its vessels. Upon completion of the collateral release documentation, this will expand …
Sep 17, 2018 /  Finance
TOP Ships Inc. Announces Credit Committee Approval for up to $92.5 Million in Financing for Two Suezmax Newbuilding Vessels

TOP Ships Inc. Announces Credit Committee Approval for up to $92.5 Million in Financing for Two Suezmax Newbuilding Vessels

TOP Ships Inc., an international owner and operator of modern, fuel-efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced today that it has obtained non-binding credit …
Sep 12, 2018 /  Finance
Global Ship Lease Secures $65 Million Growth Facility for Fleet Expansion

Global Ship Lease Secures $65 Million Growth Facility for Fleet Expansion

Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced yesterday that the Company had entered into a $65.0 million credit facility with funds associated with Hayfin Capital Management and Breakwater …
Sep 11, 2018 /  Finance
Scorpio Bulkers announces commitment for new loan facility for financing of two Kamsarmax bulk vessels

Scorpio Bulkers announces commitment for new loan facility for financing of two Kamsarmax bulk vessels

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that the Company has received a commitment from a leading European financial institution for a loan facility of up to $34.0 million. Caption: Bulk …
Sep 10, 2018 /  Finance
Transocean Ltd. Announces Agreement to Acquire Ocean Rig

Transocean Ltd. Announces Agreement to Acquire Ocean Rig

Enhances Transocean’s position as the leader in ultra-deepwater and harsh environment drilling; Adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two …
Sep 5, 2018 /  Finance
ESL Shipping completes the acquisition of AtoB@C Shipping

ESL Shipping completes the acquisition of AtoB@C Shipping

ЕSL Shipping Ltd, a shipping company fully owned by Aspo Plc completed on Friday (Aug 31) the transaction concerning the acquisition of all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB. The net …
Sep 4, 2018 /  Finance
Höegh LNG secures debt financing for FSRU delivery #10

Höegh LNG secures debt financing for FSRU delivery #10

Höegh LNG Holdings Ltd. (Höegh LNG) has received commitment letter for a sale and leaseback financing for FSRU #10 of up to USD 206 million (the “facility”). FSRU #10 is currently under construction …
Sep 4, 2018 /  Finance
Panama Canal Gets A Rating from Fitch for 3rd Year in a Row

Panama Canal Gets A Rating from Fitch for 3rd Year in a Row

Fitch Ratings has affirmed the Panama Canal Authority’s (ACP) ‘A’ investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes for the third …
Aug 30, 2018 /  Finance
LUKOIL’s Profit in H1’2018 Grew by 38% YoY to RUB 276.4 bln

LUKOIL’s Profit in H1’2018 Grew by 38% YoY to RUB 276.4 bln

PJSC LUKOIL has released its condensed interim consolidated financial statements for the three and six month periods ended 30 June 2018 prepared in accordance with International Financial Reporting Standards …
Aug 30, 2018 /  Finance
Bumi Armada to Pay $15 Million for Kraken FPSO Settlement

Bumi Armada to Pay $15 Million for Kraken FPSO Settlement

Malaysia’s FPSO operator Bumi Armada has agreed to pay $15 million to oil company EnQuest to settle the previous issues with the Kraken FPSO. Bumi Armada delivered the Kraken FPSO in February 2017 to the …
Aug 29, 2018 /  Finance