Finance

Tidewater acquires Swire Pacific Offshore Holdings Limited

Tidewater Inc. (NYSE: TDW) (the “Company”) announced on April 22 that it has completed its acquisition of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and ..

News > Finance > 2022-04-25 09:26:26

BSM and Amon Maritime created 50/50 joint venture

Bernhard Schulte Shipmanagement (BSM) and the Norwegian ammonia specialist Amon Maritime jointly announced on April 5 that they created a 50/50 joint venture “Ula Ship Management” during Nor-Shipping in Oslo. The joint ventu..

News > Finance > 2022-04-08 09:33:33

SCHOTTEL takes majority stake in Turkey's elkon

The German propulsion expert SCHOTTEL announced on April 5 that SCHOTTEL and elkon, the Turkish specialist for marine electrical system integration, will operate as partners in the maritime market in the future. The corresponding contra..

News > Finance > 2022-04-07 09:57:57

HHI sells US$300m in green bonds

Hyundai Heavy Industries (HHI) succeeded in selling green bonds worth US$300m to overseas investors. The Korean mammoth shipbuilder's first overseas public sale of five-year green bonds, guaranteed by the state-run Korean Develop..

News > Finance > 2022-03-23 09:08:08

Mitsubishi invests in Japan's marine tech firm Marindows

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, announced on March 15 that it has completed investment into Marindows Inc., a Tokyo-based firm aiming to utilize the revolution in information technol..

News > Finance > 2022-03-17 09:45:45

OCBC Bank backs U-Ming’s sustainable fleet renewal with $70m loan

U-Ming Marine announced on February 9 that the loan demonstrates U Ming’s strong commitment to decarbonising its fleet to meet the International Maritime Organisation’s (IMO) target of achieving a 70% reduction in carbon int..

News > Finance > 2022-02-11 09:53:53

Navtor to acquire Ingenium Marine

NAVTOR recently announced that NAVTOR and Ingenium Marine have signed a term sheet under which NAVTOR will acquire Ingenium Marine. The transaction is subject to execution of definitive agreements. Once completed, Ingenium will become a..

News > Finance > 2022-01-05 09:38:38

Maersk to buy Hong Kong's LF Logistics in $3.6bn deal

Maersk (Maersk) announced on December 22 that it has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, with premium capabilities within omnichannel fulfilment services, e-commerce, and inland tr..

News > Finance > 2021-12-23 09:20:20

DNV acquires cyber security specialist Applied Risk

DNV, the independent assurance and risk management provider, announced on November 24 that it will acquire industrial cyber security specialist Applied Risk. The two companies will join forces with the aim to build the world’s lar..

News > Finance > 2021-11-26 09:54:54

SCF secures $110m international project financing

PAO Sovcomflot (SCF Group) announced on November 15 that it has signed a new USD 110 million credit facility, for ten years, with three leading international banks: ING BANK N.V.; SMBC BANK EU AG and UNICREDIT BANK AG. The facility w..

News > Finance > 2021-11-17 09:13:13