Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
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
Port Everglades Receives $32M State Grant for Sea Level Rise Infrastructure
Port Everglades was awarded a $32 million grant this week to mitigate environmental threats from flooding and sea level rise and ensure continued access for marine vessels. This grant is part of more than $275 million for resilience projects issued …
Feb 13, 2023 / Finance
Hapag-Lloyd acquires stake in the Spinelli Group
Transaction successfully completed Hapag-Lloyd acquires a 49 percent minority stake Terminal portfolio further expanded The responsible antitrust authorities have approved Hapag-Lloyd’s acquisition of a minority stake in the Spinelli Group, …
Jan 13, 2023 / Finance
Port of Portland Receives Grants for Terminal 6 Modernization
The Port of Portland recently received several grants that will make possible $42 million of infrastructure improvements at Terminal 6, Oregon’s only marine container terminal. Last month, the U.S. Maritime Administration’s Port Infrastructure …
Nov 4, 2022 / Finance
Port Everglades Receives $19 million U.S. Infrastructure Grant
Port Everglades has been awarded a $19 million federal grant by the U.S. Department of Transportation under the Port Infrastructure Development Program (PIDP), to modernize several cargo docks and ensure efficient operations over the next 75 years. …
Oct 31, 2022 / Finance
The Grilmaldi Group Acquires A Controlling Stake In The Port Of Igoumenitsa
During a meeting held on October 6th, the Board of Directors of the Hellenic Republic Asset Development Fund – the fund in charge of managing the privatisation programme of ports and other public assets in Greece – announced that the preferred bidder …
Oct 10, 2022 / Finance
Yinson Secures USD720 Mln Mini Perm Financing For FPSO Maria Quiteria
Facility agreement signed with ING, Maybank, Natixis, Standard Chartered Bank and United Overseas Bank as Mandated Lead Arrangers, Underwriters and Bookrunners, and with HSBC and J.P. Morgan as Mandated Lead Arrangers Yinson Holdings Berhad …
Oct 7, 2022 / Finance