Finance and Insurance
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K Line seals climate transition loan worth close to $1bn
Japanese shipping major Kawasaki Kisen Kaisha (K Line) said it has secured a climate transition linked loan from syndicated lenders,…
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SBM Offshore secures $635m bridge loan for Brazil’s largest FPSO
Dutch floater specialist SBM Offshore has secured a $635 million bridge loan facility for the financing of the construction of…
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IOG raises funds for jackup contract extension
UK-headquartered IOG has raised £8.5m ($11.6m) as part of its plan to extend the contract for the 2008-built jackup rig…
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Grindrod to dispose of remaining stake in Singapore shipping player
South African logistics player Grindrod is selling its remaining 9.6% stake in Grindrod Shipping as part of its plan to…
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New Fortress seals $725m loan backed by eight vessels
US-based New Fortress Energy has executed a term loan facility of up to $725m secured by eight of its vessels.…
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Cosco acquires 35% stake in Hamburg container terminal
Hamburger Hafen und Logistik (HHLA) and Hong Kong-listed terminal operator Cosco Shipping Ports Limited (CSPL) have struck a deal that…
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Shipping green tech fund launches on the New York Stock Exchange
The creators of one of this year’s star performers among exchange-traded funds will debut today a green shipping investment fund.…
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Velesto takes $8m profit hit after contract termination for sunken rig
Malaysian offshore driller Velesto Energy said that a contract with ConocoPhillips for its Naga 7 jackup rig that sank off…
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Dry bulk flashes red as Evergrande contagion fears grow
Fears of contagion from the possible collapse of Chinese real estate giant Evergrande sent mining stocks in Australia and shipping…
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Jacobs offloads Worley stake for $505m
US-based Jacobs Engineering has sold its stake in Australian offshore engineering company Worley in a block trade via investment bank…
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SBM Offshore closes $1.6bn project financing for FPSO Sepetiba
Dutch FPSO specialist SBM Offshore has completed the project financing of the floating production storage and offloading (FPSO) unit Sepetiba…
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AYRO completes fundraising for Oceanwings technology
French marine design company AYRO has receiving a capital injection of €10.5m from America’s Ocean Zero as well as France’s…
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US investment firm KKR to buy Ocean Yield for $830m
US investment company Kohlberg Kravis Roberts (KKR) has offered to acquire Norwegian shipowner Ocean Yield for NOK7.2bn ($829.8m). The offer…
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BW Offshore strikes equity joint venture deal for Barossa FPSO
Oslo-listed BW Offshore has entered into a partnership for the equity financing of the floating production storage and offloading (FPSO)…
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Santos and Oil Search ink merger deal
Santos and Oil Search have struck a definitive deal to merge the two companies in an all-scrip transaction, setting the…
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Minority shareholders voice concerns over DOF debt restructuring
Norwegian offshore vessel owner DOF is facing hurdles as it tries to negotiate a debt restructuring deal. Smaller shareholders have…
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ADNOC to list drilling business in Abu Dhabi IPO
Abu Dhabi National Oil Company (ADNOC) is planning to sell 7.5% shares in its drilling unit on the Abu Dhabi…
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Seadrill set to emerge from chapter 11 after court approves restructuring plan
John Fredriksen-controlled offshore driller Seadrill has received approval from a court in Texas for its proposed restructuring plan, setting the…
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CSBC eyes boxship leasing entry
Another Asian shipbuilder is readying to enter the leasing business. Taiwan’s CSBC Corp has unveiled a new containership leasing strategy…
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Eidesvik Offshore strikes refinancing deal
Norwegian vessel owner and operator Eidesvik Offshore has struck a refinancing deal with banks for the extension of the final…
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