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..
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..
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..
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..
After announcing the acquisition of eight LR2 product tanker vessels on November 9, 2023, TORM plc has recently increased its share capital by 624,077 A-shares (corresponding to USD 6,240.77) as a result of the delivery of the second of..
Fincantieri S.p.A., within the frame of the strategic development project in the Subsea and Marine Energy segments, signed an agreement for the acquisition of the entire share capital of Remazel Engineering S.p.A. from Advanced Technolo..
Daehan Shipbuilding, a mid-sized shipbuilder of South Korea, has recently secured refund guarantee (RG) for 157,000 dwt crude carrier order. It has been secured from Kwangju Bank and is worth $26.5m in total. The identity of the firm..
Regarding four 2015-2016 built MR product tanker vessels it acquired earlier, TORM has increased its share capital by 660,714 A-shares (corresponding to USD 6,607.14) as a result of the delivery of the second of the four aforementioned ..
On December 18, Samsung Heavy Industries (SHI) announced the arbitration verdict outcomes regarding compensation for damages arising from flaws in the cargo tanks of two LNG carriers associated with SK Shipping's special purpose cor..
Edda Wind announced on December 15 that it has entered into a green term loan facility agreement for the pre- and postdelivery financing of four new commissioning service operation vessels (CSOV) under construction at Vard. The agree..
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