January 28th, 20200Greek dry bulk owner Castor Maritime has successfully entered into two agreements, a secured term loan financing agreement and a non-brokered private placement of...
January 23rd, 20200BNP Paribas and Credit Suisse have signed up to the Poseidon Principles, bringing the total number of financial institutions aligned to the green lending principles to...
January 23rd, 20203In the latest bid to fight the scourge of containership fires, insurance mutuals UK P&I and TT Club have published guidelines under the title Book it Right and Pack...
January 22nd, 20200Houston-based offshore engineering giant McDermott International has filed for Chapter 11 bankruptcy protection as part of a restructuring transaction that has the...
January 21st, 20200German shipping major Schulte Group has linked up with DEVK, a local insurance group, to create Navigo Shipholding, a maritime asset investment platform for...
January 17th, 20200Greek dry bulk owner Safe Bulkers has entered into sale and leaseback agreements for eight vessels. Safe Bulkers has sold the eight vessels, to an unnamed party, for...
January 15th, 20200Danish product tanker giant Torm has obtained commitments from banks for two separate term facilities and a revolving credit facility worth a total of $496m. The new...
January 14th, 20200Over $1bn was invested in technology companies working in the maritime sector in 2019 according to a new report published today by UK consultancy Thetius. 2019 was a...
January 14th, 20200Höegh LNG Holdings has secured commitment letters for a revolving credit facility of up to $80m, using the company's common units in Höegh LNG Partners as...
January 10th, 20200China Merchants Energy Shipping (CMES) has completed a plan to raise funds through issuing new shares to a number of specific investors. CMES has issued 673m new...
January 9th, 20200IDeA Corporate Credit Recovery II Shipping Fund, a turnaround vehicle managed by DeA Capital Alternative Funds, finished its 2019 with four transactions concluded with...
January 3rd, 20209John Michael Radziwill’s GoodBulk has officially yanked its American initial public offering plans, withdrawing its Nasdaq filing earlier this week. The Monaco dry...
January 2nd, 20200Belgian tanker giant Euronav has entered into a sale and leaseback agreement for three VLCC vessels with Taiping & Sinopec Financial Leasing. The three VLCCs - all...
January 2nd, 20200Oman Shipping Company, part of the ASYAD Group, has secured a $80m financing facility from Abu Dhabi Islamic Bank to finance a pair of VLCC tankers. “It was...
December 30th, 20190New York-listed Diamond S Shipping (DSS) has closed a five-year $525m credit facility, funds which will be used to repay around $501m of the company’s outstanding term...
December 25th, 20192Japanese owner Mitsui O.S.K. Lines (MOL) has secured its first green loan from BNP Paribas and the Export-Import Bank of China to partially finance the construction of a...
December 24th, 20190Greek tanker owner Top Ships has entered into an agreement with a major Chinese financier to secure up to $60.2m financing for two newbuilding MR tankers. Top Ships...
Finance and Insurance
