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
SCF Group concludes USD 252Mln long-term credit facility for financing a series of six Aframax tankers

SCF Group concludes USD 252Mln long-term credit facility for financing a series of six Aframax tankers

PAO Sovcomflot (SCF Group) announced on Friday (Apr 06) that it has signed a new USD 252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; …
Apr 10, 2018 /  Finance
Watson Farley & Williams (WFW) advises BTMU on US$180m refinancing of two K-Line LNG vessels

Watson Farley & Williams (WFW) advises BTMU on US$180m refinancing of two K-Line LNG vessels

Watson Farley & Williams (WFW) has advised The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Japan’s largest bank, as facility agent for a syndicate of international lenders comprising itself, Development Bank of …
Apr 5, 2018 /  Finance
Team Tankers Announces Completion of the Acquisitions of Laurin Shipping AB and Anglo-Atlantic Steamship Company Ltd.

Team Tankers Announces Completion of the Acquisitions of Laurin Shipping AB and Anglo-Atlantic Steamship Company Ltd.

Reference is made to the stock exchange announcements made by Team Tankers International Ltd (Team Tankers) on 28 February 2018 and 23 March 2018 regarding the Company's agreements to acquire all of the outstanding …
Apr 5, 2018 /  Finance
Scorpio Bulkers Announces a Commitment for a New Loan Facility

Scorpio Bulkers Announces a Commitment for a New Loan Facility

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that the Company has received a commitment for a loan facility of up to $12.75 million from a leading European financial institution to finance the …
Apr 4, 2018 /  Finance