FRONTLINE: Increase in Ownership Interest in Feen Marine Scrubbers

FRONTLINE: Increase in Ownership Interest in Feen Marine Scrubbers

Frontline Ltd. (Frontline) (NYSE:FRO) Tuesday (Jan15) announced that its ownership interest in Feen Marine Scrubbers Inc. (FMSI) has increased to 28.9% following the purchase by FMSI of a 30.8% stake in FMSI from …
Jan 16, 2019 /  Finance
Stena Line invests £5M in fleet upgrade

Stena Line invests £5M in fleet upgrade

Leading ferry company Stena Line has started work on a £5m refit programme of its local ferry fleet at Belfast’s Harland and Wolff shipyard. The 10-week upgrade schedule will see five Stena Line vessels dry …
Jan 11, 2019 /  Finance
Port of Baltimore receives $2.4 million from EPA to help promote clean air

Port of Baltimore receives $2.4 million from EPA to help promote clean air

Funding Will Go Towards Replacement of Dray Trucks, Cargo-Handling Equipment and Repowering of Marine Engines The Helen Delich Bentley Port of Baltimore was awarded $2.4 million from the U.S. Environmental Protection …
Jan 10, 2019 /  Finance
Pan Ocean Expects $13 Billion Lower Revenues from Vale Deal, After Recent Revision to Account for Lower Bunker Costs

Pan Ocean Expects $13 Billion Lower Revenues from Vale Deal, After Recent Revision to Account for Lower Bunker Costs

Further to Announcement released on SGX-ST on 22 September 2009, Pan Ocean Co., Ltd. (the Company) has announced  that the Company and Vale International SA (Vale) have mutually agreed to change the previous …
Jan 4, 2019 /  Finance
Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

South Korea's Hyundai Heavy Industries Group said Thursday its three arms are seeking to secure combined deals worth US$15.9 billion this year in the shipbuilding segment. The combined target of Hyundai Heavy Industries …
Jan 4, 2019 /  Finance
Concordia Maritime announces sale of positions in chartered-in Suezmax vessels

Concordia Maritime announces sale of positions in chartered-in Suezmax vessels

Concordia Maritime is selling the positions previously taken in four chartered-in Suezmax vessels. The economic value corresponds to an EBITDA of USD 5.3 million. Caption: Suezmax Crude Oil Tanker Stena Supreme - …
Dec 19, 2018 /  Finance
Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore Ltd. (NYSE: NAO) announced today that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti …
Dec 12, 2018 /  Finance
$25 Million BUILD Grant Awarded to Improve South Carolina’s Supply Chain

$25 Million BUILD Grant Awarded to Improve South Carolina’s Supply Chain

Tuesday (Dec11) the United States Department of Transportation (USDOT) announced a $25 million Better Utilizing Investments to Leverage Development (BUILD) grant to support the expansion at South Carolina Ports …
Dec 12, 2018 /  Finance
Ardmore Shipping Corporation Announces Refinancing Of Three Vessels

Ardmore Shipping Corporation Announces Refinancing Of Three Vessels

Ardmore Shipping Corporation (NYSE: ASC) (Ardmore) Monday announced that it has signed binding agreements for the refinancing of three vessels. Caption: Chemical/Oil Products Tanker Ardmore Seavanguard - Image …
Dec 4, 2018 /  Finance
TOP Ships Inc. Announces Conclusion of Suezmax Financing and Additional Sources of Capital

TOP Ships Inc. Announces Conclusion of Suezmax Financing and Additional Sources of Capital

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced Monday that it has …
Dec 4, 2018 /  Finance