Finance

MPCC secures financing for methanol vessels

MPC Container Ships ASA (MPCC) has successfully signed a USD 55 million pre- and post-delivery ECA covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings. The vessels are scheduled for de..

News > Finance > 2024-04-26 09:14:04

Ciner Shipping's fleet is backed by financing from China

Ciner Shipping, backed by substantial Chinese financing, is aggressively expanding its fleet, surpassing its Turkish competitor, Yasa Shipping. Since 2021, Ciner Shipping has ramped up orders to Chinese shipbuilders, totaling 22 vessels..

News > Finance > 2024-04-22 09:16:25

Marco Polo securs financing for CSOV newbuild

Marco Polo Marine announced on April 17 that its maiden Commissioning Service Operations Vessel (CSOV), currently under construction at Marco Polo Shipyard in Batam, Indonesia, is scheduled for delivery in September, and will be deploye..

News > Finance > 2024-04-17 09:02:03

MOL raises funds for VLCC

Mitsui O.S.K. Lines (MOL) announced on April 3 that the MOL Group signed a deal to raise funds through transition linked loan (TLL) financing with Sumitomo Mitsui Trust Bank. MOL has decided to apply the funds to finance the constructio..

News > Finance > 2024-04-04 09:06:35

KfW IPEX-Bank funds bulker duo

KfW IPEX-Bank is contributing to the fleet modernisation of the shipping group C. Armateurs, which is part of the Cobelfret group, with a financing of EUR 42 million. The Swiss-based shipping company operates a modern fleet of dry bu..

News > Finance > 2024-04-03 09:06:11

ABGC DMCC secured financing for 3 VLGCs

ABGC DMCC, a joint venture between Al Seer Marine and BGN, has secured funding to facilitate the construction of three Very Large Gas Carriers (VLGCs) in South Korea and Japan. According to industry sources, ABGC DMCC has secured $23..

News > Finance > 2024-04-01 09:10:39

KfW IPEX-Bank to fund Smyril Line’s new RoRo ships

Germany’s KfW IPEX-Bank plans to support Smyril Line’s recently disclosed fleet-renewal project with financing of €90m. According to industry sources and foreign media, Smyril Line, which is headquartered on the Faro..

News > Finance > 2024-03-06 09:16:02

Hoegh secures significant Enova funding

Shipping company Höegh Autoliners ASA is making significant progress in its ambition to make the Aurora Class the world's first PCTC vessel to run on ammonia. On March 5, they have been granted almost USD 14 million (NOK 146 mi..

News > Finance > 2024-03-06 09:02:37

TOP Ships inks new financing deals for tankers

TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced on February 7 that it has entered into five sale and leaseback financing agreements with three major Chinese financiers..

News > Finance > 2024-02-13 09:04:11

Seatrium raises funds for green projects

Seatrium announced on January 23 that its wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) has successfully secured a S$400 million committed Green Revolving Loan Facility from UOB. The loan facility, underpinned b..

News > Finance > 2024-01-25 09:06:41