September 27th, 20190Malaysian offshore service provider Bumi Armada has received up to RM317m ($75m) of financing from Mezzanine Equities, a unit of its largest shareholder Usaha Tegas,...
September 25th, 20190London-based containership owner Global Ship Lease (GSL) has commenced a $40m public offering of its Class A common shares. The company says the proceeds of the...
September 20th, 20190Seaspan Corporation has closed an additional $500m funding via its portfolio financing program, cash it says will be used to repay five secured credit facilities and may...
September 20th, 20190George Procopiou-led Dynagas LNG Partners has secured a syndicated loan of $675m from a group of international banks. The credit facility will be secured by mortgages on...
September 20th, 20190UK-based containership charter owner Global Ship Lease (GSL) has agreed a new syndicated $268m credit facility with a number of commercial lenders including Credit...
September 18th, 20190Oman Shipping, part of Asyad Group, has entered into a new $110m financing deal with Standard Chartered to refinance three oil tankers and two VLCCs. Oman Shipping...
September 17th, 20190Delegates attending the annual gathering of the International Union of Marine Insurance (IUMI) in Toronto have been told their industry has been commoditised and is in...
September 13th, 20190Sovcomflot and NYK Line have sealed a new $176m credit facility which will be used to refinance LNG carriers Grand Aniva and Grand Elena. The eight year facility,...
September 12th, 20191German containerline Hapag-Lloyd is now giving customers an online marine insurance offering direct from its own website. Quick Cargo Insurance provides customers...
September 6th, 20190Major containership fires are on the up this year, averaging one a month in 2019, bucking this century’s already alarming average of one every 60 days, according to...
September 6th, 20190Singapore-based LPG shipping company Epic Gas has completed the refinancing of 2010-built 7,200 cu m LPG carriers Epic Bali and Epic Borneo. The ships had both been...
August 27th, 20190Norway’s Ocean Yield has raised $125m via a new perpetual hybrid callable bond, funds it says it will use for new investments. The bond, which carries a coupon of 3...
August 23rd, 20190Michael Parker, Citi’s famous ship finance veteran, has moved to a new role with Shreyas Chipalkatty taking his place. Parker is to become chairman of the bank’s...
August 22nd, 20190Angeliki Frangou’s Navios Acquisition has revealed a series of sale and leaseback transactions in its latest set of quarterly results. A single product tanker was...
August 21st, 20194J Mintzmyer is an increasingly rare species - a shipping stock analyst, moreover he’s a guy who actually picks out the winners unlike most of his peers. Mintzmyer...
August 20th, 20190The second episode of the Deep Dive, Splash’s brand new podcast, launches today. Recorded at the Glyfada home of Dagfinn Lunde and Marina Tzoutzouraki, founding...
August 16th, 20190Japan’s Modec says that an affiliate of the company has issued a project bond in the international capital markets to refinance , currently chartered to the TUPI...
Finance and Insurance
