Maritime news

Monitor breaking maritime news and insights for profitable, efficient and safe shipping.

The UK Government has awarded funding to a consortium led by Morek Engineering to design a new class of low-carbon installation vessel for the floating offshore wind market

The UK Government has awarded funding to a consortium led by Morek Engineering to design a new class of low-carbon installation vessel for the floating offshore wind market. The consortium has won the funding through the UK Government’s Clean …
Jan 29, 2024 / Finance

Avance Gas Holding Ltd: Avance Gas agrees to sell two newbuildings for $240Mln at a $73Mln estimated profit

Avance Gas Holding Ltd (Avance Gas) (OSE: AGAS) announced on Friday (Dec08) that it has agreed to sell its two remaining 91,000 cbm dual fuel newbuildings scheduled for delivery next year. The buyer has agreed to pay $240 million en bloc for the two …
Dec 8, 2023 / Finance

Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels

Eneti Inc. (NYSE: NETI) (Eneti) has announced that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies …
Dec 4, 2023 / Finance

Significant Grants From TxDOT Strengthens Port Houston Infrastructure Development

Port Commission Chairman Ric Campo announced during the October 24th meeting of the Port Commission of the Port of Houston Authority that Port Houston received nearly $36 million from the Texas Department of Transportation, almost 20% of the $200 …
Nov 13, 2023 / Finance

DIF Capital Partners and EDF Invest to acquire leading Norwegian electric ferry operator Fjord1 from Vision Ridge Partners and Havila Holding

DIF Capital Partners (via its DIF Infrastructure VII fund), and EDF Invest (the investment arm of the EDF Group in real assets) have entered into a definitive agreement to acquire Fjord1, the largest owner and operator of ferries in Norway. The …
Oct 31, 2023 / Finance

Trafigura successfully closes USD400 million Revolving Credit Facilities backed by US EXIM

Trafigura Group Pte Ltd. (Trafigura), a market leader in the global commodities industry, has successfully entered into two Revolving Credit Facilities (Facilities), for a total combined amount of USD400 million, with insurance from the Export-Import …
Oct 4, 2023 / Finance

EU Approves €106m for Greece LNG Terminal in Alexandroupolis

The European Commission has approved, under EU State aid rules, a €106 million Greek measure to support the completion of the construction of the liquefied natural gas (‘LNG‘) terminal in Alexandroupolis. This measure will complement the Greek public …
Oct 3, 2023 / Finance

Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tanker Company

TOP Ships Inc., an international owner and operator of modern, fuel -efficient “ECO” tanker vessels, announced today the filing of a registration statement on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”) in connection with …
Jun 22, 2023 / Finance

APM Terminals pledges EUR962 million investment in Brazilian Terminals by 2026

As part of a Dutch trade delegation to Brazil this week, APM Terminals’ CEO Keith Svendsen pledged a EUR962 million (R$ 5.2 billion) investment in its Brazilian operations up to 2026. This figure includes a EUR296 million (R$ 1.6 billion) of a total …
May 16, 2023 / Finance

SBM Offshore completes US$1.63 billion financing of Almirante Tamandaré

SBM Offshore recently announced that it has secured project financing for its FPSO Almirante Tamandaré, with a total value of US$1.63 billion.  The financing is being provided by a consortium of 13 international banks, backed by insurance cover …
Apr 10, 2023 / Finance