Finance and Insurance
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Petredec secures German funding for four handysize gas carriers
Singapore: Singapore-based LPG logistics giant Petredec has secured funding from Germany’s KfW IPEX-Bank on four 21,000 cu m handysize gas carriers.…
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Exmar secures $200m financing from ICBC
Brussels: Exmar has scored a massive financing coup in front of the Chinese president and the king of Belgium. The…
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Bergen Group secures $7.7m loan to refinance its debt
Athens: Norway’s Bergen Group has entered into a term sheet for a secured loan facility of NOK 60m ($7.7m) from Stavanger-based…
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GasLog Partners to raise up to $206m in public offering
Athens: GasLog Partners is to sell 7.5m of its common units at a price of $23.90 per share, which could…
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TTA goes for debentures
Bangkok: Thoresen Thai Agencies (TTA) is issuing three-year debentures amounting to THB2bn ($59.44m) with a 4.25% coupon rate. The shipping…
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Poseidon moves for New York listing
New York: Poseidon Containers Holdings, a private equity backed containership operator with an initial fleet of 18 vessels, has filed…
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Atlantska Plovidba denies share trading ‘irregularities’
Athens: Croatia’s Atlantska Plovidba has denied media speculation of irregularities in share transfers made by company executives in 2014. The speculation stems…
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NewLead defence attorneys gain permission to withdraw
Athens: NewLead’s defence attorneys Reed Smith yesterday received permission to withdraw from the breach of contract case brought by TransAsia…
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Danmarks Skibskredit eyes IPO
Copenhagen: A Danish ship finance bank has said it is looking at an IPO to help boost its financial position.…
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Mitsubishi-led PE fund targets more boxships
Tokyo: Mitsubishi Corporation has announced the final close of MC Seamax Shipping Opportunities Fund, a private equity fund, which is…
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Siem Offshore pushing through emergency $100m rights issue
Oslo: With the oil price dive plunging Siem Offshore into financial trouble the company is convening an extraordinary general meeting…
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Scorpio Bulkers to offer shares at a discount
Athens: NYSE-listed Scorpio Bulkers is to sell 130m shares at a price of $1.50 each, raising up to $195m in…
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Scorpio Bulkers plans new $200m stock offering
Athens: NYSE-listed Scorpio Bulkers is planning a share offering in which it will sell $200m of its common stock to…
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NewLead’s defence attorneys apply for resignation
Athens: Legal firm Reed Smith has applied to be relieved as counsel in an ongoing New York Supreme Court case,…
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Baltic Exchange discharges its smaller capesize benchmark
Athens: The Baltic Exchange will stop panel-based reporting of rates on the 172,000-dwt 4 timecharter average (172 4TC) benchmark route for capesize…
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Songa Offshore extends financing on semi-submersible rig trio
Oslo: Songa Offshore has extended the maturity of financing for semi-submersible rigs Songa Dee, Songa Delta and Songa Trym. The…
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Teekay Tankers plans stock offering to raise $80m
Athens: Teekay Tankers plans to issue “from time to time” Class A common stock for sale, which could raise up to…
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Ocean Rig stock offering could raise almost $200m
Athens: Ocean Rig says the stock offering it announced yesterday will be priced at $7.00 per share. The NASDAQ-quoted company…
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Cargill and other creditors come calling for Mercator’s Singapore subsidiary
Athens: Mercator Lines (Singapore) has received statutory demands from Cargill regarding purchase contracts that were deferred by the financially troubled…
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Economou to scoop a stake in Ocean Rig share offering
Athens: Ocean Rig is planning a public offering of its common stock, of which George Economou, the company’s chairman, president and CEO, will…
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