TORM obtains USD 496m bank financing for the refinancing of existing debt
TORM has obtained commitment from leading ship lending banks for two separate term facilities and a revolving credit facility of up to a total of U...
Read MoreNIB finances new hybrid electric ferries in Norway
NIB and the Norwegian ferry operator Fjord1 ASA have signed a seven-year loan agreement of NOK 750 million (EUR 76 million) to finance the acquisit...
Read MoreEuronav offloads three VLCCs in sale and leaseback deal
Euronav NV announces that it has entered into a sale and leaseback agreement for three VLCC vessels with Taiping& Sinopec Financial Leasing Ltd...
Read MoreDiamond S obtains $525 million credit facility
Diamond S Shipping Inc., announced that it has closed on a five-year $525 million credit facility, composed of a $375 million term loan and a $150 ...
Read MoreCargojet Redeems Outstanding 4.65% Convertible Debentures
Cargojet Inc. announced that it has redeemed the $2,139,000 aggregate principal amount outstanding on its 4.65% convertible unsecured debentures du...
Read MoreMOL acquires full ownership of EML
Höegh Autoliners and Mitsui OSK Lines (MOL) have signed an agreement whereby MOL will acquire Höegh Autoliners’ 50 percent sharehol...
Read MoreMOL secures Green Loan for largest LNG bunkering vessel
Mitsui O.S.K. Lines, Ltd. announced it has signed its first green loan, the proceeds of which will be used to partially finance the construction of...
Read MorePyxis Tankers announces vessel sale
Pyxis Tankers Inc., an emerging growth pure play product tanker company, announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 ...
Read MoreUnifeeder acquires the Feedertech Group
Unifeeder has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator. The Group’s Chairman, Ali Maghami...
Read MoreAir Arabia places US$14 billion order for 120 Airbus A320 family aircraft
Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), set another milestone with one of the region’s...
Read MoreEmirates announces US$ 16 billion order for 50 A350-900 XWB
Emirates, the world’s largest international airline, announced a firm order for 50 A350-900 XWB aircraft worth US$ 16 billion (AED 58.7 billi...
Read MoreHapag-Lloyd doubles operational result in the first nine months
In the first nine months of 2019, Hapag-Lloyd’s earnings before interest and taxes (EBIT) significantly increased to EUR 643 million (9M 2018...
Read MoreEUR 140 million EIB backing for Port of Piraeus transformation
The European Investment Bank (EIB) formally agreed to provide EUR 140 million to support expansion and upgrading of the Port of Piraeus, the princi...
Read MoreMPC Capital acquires stake in tanker specialist Albis Shipping & Transport
MPC Capital AG, an international asset and investment manager of real assets, has acquired a strategic stake of 50 percent in Albis Shipping & ...
Read MoreJaxport awarded $20 million from federal government
The federal government has awarded the Jacksonville Port Authority (JAXPORT) a $20 million grant for the reconstruction of more than 100 acres of e...
Read MoreBW LPG enters agreement to sell two large gas carriers
BW LPG Limited, has entered into a Memorandum of Agreement (MOA) to sell the remaining two Large Gas Carriers (LGCs) in the fleet. BW Nantes and B...
Read MoreSovcomflot signs financing and time-charter agreements
SCF Group and VEB.RF Group, a Russian financial institution, signed an agreement for lease financing of the lead ship in a series of icebreaking LN...
Read MoreBahri’s net profit surges 81 pc in Q3
Bahri, a global leader in logistics and transportation, announced strong financial results for the third quarter ended September 30, 2019, on the b...
Read MoreBoskalis awarded EUR 45 million dredging project in the Republic of Maldives
Royal Boskalis Westminster N.V. has been awarded a contract by the Ministry of National Planning and Infrastructure, Republic of Maldives, in relat...
Read MoreTT Club wins Marine Insurance Award in Middle East
TT Club received the award for Marine Insurer of the Year at a ceremony held at Atlantis The Palm, Dubai. The award celebrates an insurance compan...
Read More