Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
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
Flex LNG - Finalize the Balance Sheet Optimization Programme
Flex LNG Ltd (Flex LNG) (NYSE/OSE: FLNG) has announced that the Balance Sheet Optimization Programme has been finalized with the signing of the $290m loan agreement for the refinancing of Flex Freedom and Flex Vigilant. Since our Q4 earnings report …
Mar 24, 2023 / Finance
Golar closes acquisition of New Fortress Energy stake in FLNG Hilli
Further to the announcement on February 6, 2023, Golar LNG Limited (Golar) confirmed on Wednesday (Mar15) that the agreement to acquire New Fortress Energy Inc.’s (“NFE”) interest in FLNG Hilli, effective January 1, 2023, has closed. In return for …
Mar 15, 2023 / Finance
Solstad Offshore: Exit from PSV segment through a strategic sale of its PSV-fleet
Subsidiaries of Solstad Offshore ASA (Solstad, OSE: SOFF) have today signed an agreement with U.S. based Tidewater Inc. (Tidewater, NYSE: TDW) for the sale of 37 platform supply vessels (the PSV Fleet) (the Transaction). The total cash consideration …
Mar 7, 2023 / Finance