Odfjell completes sale of Rotterdam terminal to Koole

Odfjell completes sale of Rotterdam terminal to Koole

Koole Terminals has now become 100% owner of Odfjell Terminals Rotterdam. The facility, located in the heart of the Port of Rotterdam, will be rebranded to Koole Tankstorage Botlek (KTB). It stores both chemical and …
Sep 21, 2018 /  Finance
DFDS to invest DKK 300m to install scrubbers on 12 freight ferries deployed on freight routes in the Mediterranean

DFDS to invest DKK 300m to install scrubbers on 12 freight ferries deployed on freight routes in the Mediterranean

DFDS will in 2019 invest DKK 300m to install scrubbers on 12 freight ferries deployed on freight routes in the Mediterranean between Turkey, Italy, Greece and France. The investment will ensure compliance with the new …
Sep 19, 2018 /  Finance
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