Costamare announces the acquisition of the York Capital Majority Interest in Five 14,000 TEU Containerships with Long Term Charters

Costamare announces the acquisition of the York Capital Majority Interest in Five 14,000 TEU Containerships with Long Term Charters

Costamare Inc. (NYSE: CMRE) announced today the acquisition of the 60% equity interest of York Capital in five 2016 - built 14,000 TEU containerships. The acquisition brings the Company’s ownership interest in …
Nov 19, 2018 /  Finance
Tidewater Announces Successful Completion of Business Combination with GulfMark

Tidewater Announces Successful Completion of Business Combination with GulfMark

Tidewater Inc. (NYSE: TDW) (Tidewater) today announced the successful completion of its business combination with GulfMark Offshore, Inc. (GulfMark). Tidewater and GulfMark stockholders overwhelmingly supported the …
Nov 16, 2018 /  Finance
GSL Completes Strategic Combination with Poseidon Containers and Opportunistic Refinancings of a Portion of Poseidon Containers’ Secured Debt

GSL Completes Strategic Combination with Poseidon Containers and Opportunistic Refinancings of a Portion of Poseidon Containers’ Secured Debt

Doubles fleet size to 38 containerships and expands charter-adjusted fleet value to $1.3 billion while increasing net asset value per share by 52%   Expands contracted revenue to $720 million and further reduces …
Nov 16, 2018 /  Finance
Sovcomflot inks $149m loan for financing the construction of a new generation Atlanticmax LNG carrier

Sovcomflot inks $149m loan for financing the construction of a new generation Atlanticmax LNG carrier

Sovcomflot (SCF Group) announced on Wednesday (Nov 14) that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW …
Nov 15, 2018 /  Finance
Northwest Seaport Alliance approves investments for future

Northwest Seaport Alliance approves investments for future

At a special dual meeting on Tuesday (Nov 13), the Managing Members of The Northwest Seaport Alliance (NSWA) adopted a budget for 2019 as well as a five-year capital investment plan. The budget and investment plan allow …
Nov 14, 2018 /  Finance
Ship Finance announces $400m Lease Financing for 4 x 14,000 TEU container vessels

Ship Finance announces $400m Lease Financing for 4 x 14,000 TEU container vessels

Ship Finance International Limited (NYSE: SFL) (Ship Finance) announces that it has entered into lease financing agreements (each, a "Lease Financing") totaling $400 million with an Asian-based institution to finance …
Nov 7, 2018 /  Finance
Teekay Offshore Partners announces settlement agreements with Petrobras

Teekay Offshore Partners announces settlement agreements with Petrobras

Teekay Offshore Partners L.P. (NYSE:TOO) (Teekay Offshore) announced today that certain of its subsidiaries have entered into a settlement agreement with Petróleo Brasileiro S.A. and Petroleo Netherlands B.V. …
Oct 29, 2018 /  Finance
Ardmore Shipping Corporation Announces Refinancing Of Four Vessels

Ardmore Shipping Corporation Announces Refinancing Of Four Vessels

Ardmore Shipping Corporation (NYSE: ASC) (Ardmore) yesterday announced that it has signed agreements for the refinancing of four vessels. Caption: Chemical/Oil Products Tanker Ardmore Dauntless - Image courtesy …
Oct 26, 2018 /  Finance
LNG Carriers Set to Exceed 50% of DSME's Sales

LNG Carriers Set to Exceed 50% of DSME's Sales

Daewoo Shipbuilding & Marine Engineering (DSME) said on Oct. 15 that liquefied natural gas (LNG) carriers would soon account for more than 50 percent of its sales. During an investor relations (IR) meeting held at …
Oct 17, 2018 /  Finance
EuroDry Ltd. reports refinancing of the debt of four drybulk vessels

EuroDry Ltd. reports refinancing of the debt of four drybulk vessels

EuroDry Ltd. (NASDAQ: EDRY), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced Monday (Oct 15) that it has completed the refinancing of the debt of M/V …
Oct 16, 2018 /  Finance