Financial closing gives Wärtsilä the go-ahead for building the new Hamina LNG terminal

Financial closing gives Wärtsilä the go-ahead for building the new Hamina LNG terminal

The LNG terminal to be built at the Finnish Port of Hamina by the technology group Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits. Debt financing for …
May 17, 2018 /  Finance
FSL Trust: Refinancing of two chemical tankers

FSL Trust: Refinancing of two chemical tankers

The Board of Directors of FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust (FSL Trust), announced on Tuesday (May 08) that the Trust has been considering sale or re-financing options in …
May 10, 2018 /  Vessels
Scorpio Tankers Inc. Announces Commitments for New Loan Facilities

Scorpio Tankers Inc. Announces Commitments for New Loan Facilities

Scorpio Tankers Inc. (NYSE:STNG) (Scorpio Tankers) yesterday announced that, following from the announcement of new financing initiatives on April 25, 2018, the Company has received commitments from four leading European …
May 2, 2018 /  Finance
Scorpio Bulkers Inc. Announces the Refinancing of an Ultramax Vessel

Scorpio Bulkers Inc. Announces the Refinancing of an Ultramax Vessel

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced yesterday that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party …
Apr 18, 2018 /  Vessels
SCF Group concludes USD 252Mln long-term credit facility for financing a series of six Aframax tankers

SCF Group concludes USD 252Mln long-term credit facility for financing a series of six Aframax tankers

PAO Sovcomflot (SCF Group) announced on Friday (Apr 06) that it has signed a new USD 252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; …
Apr 10, 2018 /  Finance
Watson Farley & Williams (WFW) advises BTMU on US$180m refinancing of two K-Line LNG vessels

Watson Farley & Williams (WFW) advises BTMU on US$180m refinancing of two K-Line LNG vessels

Watson Farley & Williams (WFW) has advised The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Japan’s largest bank, as facility agent for a syndicate of international lenders comprising itself, Development Bank of …
Apr 5, 2018 /  Finance
Scorpio Bulkers Announces a Commitment for a New Loan Facility

Scorpio Bulkers Announces a Commitment for a New Loan Facility

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that the Company has received a commitment for a loan facility of up to $12.75 million from a leading European financial institution to finance the …
Apr 4, 2018 /  Finance
Sberbank and Sovcomflot conclude new USD 106 million project financing agreement

Sberbank and Sovcomflot conclude new USD 106 million project financing agreement

Sberbank and Sovcomflot have signed a new USD 106 million project financing agreement, with a term of up to 14 years. The funds will finance the construction of a high ice class Arctic shuttle tanker (Arc7) for the Novy …
Feb 13, 2018 /  Finance
Gulf Navigation Holding adds Gulf Mishref and Gulf Mirdif to its fleet

Gulf Navigation Holding adds Gulf Mishref and Gulf Mirdif to its fleet

The move achieves 13% growth in the value of the company's assets, equivalent to AED123 million Less than a month after increasing its capital to AED 1 billion through an Initial Public Offering (IPO), Gulf Navigation …
Jan 19, 2018 /  Finance
Global Ship Lease Engages Evercore to Explore Strategic Alternatives

Global Ship Lease Engages Evercore to Explore Strategic Alternatives

Global Ship Lease, Inc. (NYSE:GSL) announced yesterday that following the successful refinancing of all of the Company’s indebtedness in October 2017 and with a strengthening market backdrop, its Board of Directors …
Jan 19, 2018 /  Finance