J. Lauritzen Announces Quarterly Update – Q1 2018; Hires six additional Handysize bulk carriers

J. Lauritzen Announces Quarterly Update – Q1 2018; Hires six additional Handysize bulk carriers

“Well positioned for continued dry cargo market improvements “During the first quarter of 2018, additional bulk carriers were taken on long-term time-charter in anticipation of further dry cargo market …
May 18, 2018 /  Finance
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
Pioneer Marine ends commercial management agreement with BaltNav; Announces Financial Results for the Quarter Ended March 31, 2018

Pioneer Marine ends commercial management agreement with BaltNav; Announces Financial Results for the Quarter Ended March 31, 2018

Pioneer Marine Inc. and its subsidiaries (OSLO-OTC:PNRM) (Pioneer Marine) a leading shipowner and global drybulk handysize transportation service provider announced its financial and operating results for the quarter …
May 11, 2018 /  Finance
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
International Seaways Announces Closing of Credit Facility by Its FSO Joint Ventures

International Seaways Announces Closing of Credit Facility by Its FSO Joint Ventures

International Seaways, Inc. (NYSE: INSW) (INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, yesterday …
Apr 27, 2018 /  Finance
McDermott Board of Directors Rejects Unsolicited, Non-Binding Proposal from Subsea 7

McDermott Board of Directors Rejects Unsolicited, Non-Binding Proposal from Subsea 7

McDermott International, Inc. (McDermott) (NYSE:MDR) yesterday confirmed that on April 20, 2018 its Board of Directors rejected an unsolicited, non-binding proposal received from Subsea 7 S.A. (Subsea 7) (Oslo …
Apr 24, 2018 /  Finance
CMA CGM announces an agreement to acquire a stake in CEVA in order to reinforce its presence in the logistics sector

CMA CGM announces an agreement to acquire a stake in CEVA in order to reinforce its presence in the logistics sector

CMA CGM, a worldwide leading shipping company, announced earlier today it has reached an agreement to acquire an equity stake of nearly 25% of CEVA Logistics AG (CEVA), a global leading player in the logistics sector. …
Apr 20, 2018 /  Finance
Navios Maritime Acquisition Corporation Announces Sale and Leaseback Transaction for four MR2 product tankers

Navios Maritime Acquisition Corporation Announces Sale and Leaseback Transaction for four MR2 product tankers

Navios Maritime Acquisition Corporation (Navios Acquisition) (NYSE:NNA), an owner and operator of tanker vessels, announced yesterday that it has completed a $71.5 million sale and leaseback agreement …
Apr 20, 2018 /  Finance
Port Houston Reports Solid First Quarter Results

Port Houston Reports Solid First Quarter Results

Year-to-date total tonnage for Port Houston through March is at 9.7 million, reflecting a 2 percent increase compared to the same period last year. Results showed that bulk material and steel were the primary drivers for …
Apr 18, 2018 /  Finance
Vroon reaches in principle restructuring agreement with its lender group

Vroon reaches in principle restructuring agreement with its lender group

Vroon has reached an in-principle agreement with all its lenders regarding the terms of its financial restructuring. The agreement, which is only subject to final documentation and credit committee confirmation, is an …
Apr 16, 2018 /  Finance