Finance and Insurance
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Bangladesh Shipping Corporation to receive $22.48m pay-out for vessel hit by rocket in Ukraine
State-run Bangladesh Shipping Corporation will get a $22.48m pay-out from insurers over its abandoned bulk carrier, , which has been…
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Edda Wind seals funds for CSOV trio
Norwegian offshore wind service pure play Edda Wind has secured a green loan facility agreement for the pre-and postdelivery financing…
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Höegh LNG agrees $685m refinancing for German-chartered FSRU pair
Norway’s Höegh LNG has sealed a $685m loan deal to refinance two of its floating storage and regasification units fixed…
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Pyxis Tankers clinches MR2 refinancing deal
Greek product tanker pure-play Pyxis Tankers has sealed a refinancing deal for one of its vessels. The Nasdaq-listed company agreed…
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American ship repair firm changes hands
Funds managed by global investment firm Carlyle and private equity firm Stellex Capital Management have announced a definitive agreement to…
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Golar buys out New Fortress stake in Cameroon FLNG unit
Tor Olav Trøim-backed Golar LNG has agreed to take over New Fortress Energy’s ownership stake in the floating liquefied natural…
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Court opens DOF bankruptcy proceedings
Hordaland district court resolved on Thursday to start bankruptcy proceedings in debt-laden Norwegian offshore vessel owner DOF, which will see…
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Creditors seek DOF bankruptcy
The creditors of the Oslo-listed offshore vessel owner DOF have moved to place the company into bankruptcy proceedings. DOF said…
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Fredriksen’s Northern Drilling raises $10m for DSME arbitration
John Fredriksen’s rig investment company, Northern Drilling, has raised $10m through a private share offering to cover costs for the…
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2023 tipped to be a top year for owners seeking to finance their fleets
Shipowners this year have one of the best opportunities in recent memory to finance their fleets, according to a new…
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DOF shareholders seek to oust new board amid debt restructuring proposal
Norway’s DOF has said that a group of its shareholders are demanding an extraordinary general meeting for the election of…
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Shelf Drilling closes $47m private placement
Oslo-listed jackup rig pure-play Shelf Drilling has raised NOK467m ($47m) in a private placement of new shares. “The transaction saw…
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Norsepower gets state funds to expand
The Finnish Climate Fund has decided on a capital loan of up to EUR10m ($10.85m) to rotor sail manufacturer Norsepower…
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Fredly and Blystad sell down in Hunter
Norwegian investors Arne Fredly and Arne Blystad have both offloaded a chunk of Oslo-listed investment firm Hunter Group. Fredly’s AF…
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DOF’s board proposes new debt restructuring plan
The board of directors of debt-laden offshore vessel owner DOF has decided to submit a new proposal for a restructuring…
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Freightos celebrates NASDAQ launch
Hong Kong-based freight booking platform Freightos started trading on the NASDAQ yesterday under the ticker symbol CRGO after merging with…
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Borr Drilling issues $400m bonds for debt refinancing
Tor Olav Trøim’s Borr Drilling has placed two bond loans to refinance an older convertible due to mature in May…
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Bid launched to take GasLog Partners private
Peter Livanos-controlled GasLog has launched a near $400m bid to take New York-listed GasLog Partners private. Combined, the two entities…
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Splash Extra: Tokyo switches off the JOLCO tap
Japanese Operating Lease with Call Option financing structures, known as JOLCOs, will soon become unavailable to foreigners seeking newbuild finance…
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Navios Partners secures $44m debt refinancing
Angeliki Frangou’s Navios Maritime Partners has secured a $44.2m loan deal with Maritime Finance, part of First Citizens’ CIT division.…
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