$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
Port of Corpus Christi Secures $59 million in Additional Funding for the Channel Improvement Project

Port of Corpus Christi Secures $59 million in Additional Funding for the Channel Improvement Project

The U.S. Army Corps of Engineers (USACE) announced its Fiscal Year (FY) 2019 Work Plan, which includes an additional $59 million in funding for the Corpus Christi Ship Channel Improvement Project (CIP). This funding …
Nov 28, 2018 /  Finance
Port of Hamilton receives $17.7 million federal government investment to modernize port infrastructure

Port of Hamilton receives $17.7 million federal government investment to modernize port infrastructure

Canada's Transport Minister Marc Garneau visited Hamilton to announce an investment of $17.7 million in the Port of Hamilton from the National Trade Corridors Fund (NTCF). The federal investment will be matched by the …
Nov 22, 2018 /  Finance
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