Finance

SBM Offshore completes financing of Jaguar

SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions. The Company expects to dr..

News > Finance > 2024-11-25 09:07:08

Avance Gas succeeds second VLGC delivery to BW LPG

On November 1, 2024, the Company announced the first VLGC delivery, and today Avance Gas announce the second VLGC delivery, the 2022-built dual-fuel ship 'Avance Capella.' Avance Capella was under a sale leaseback agreement, ..

News > Finance > 2024-11-21 09:26:12

Akastor buys AKOFS offshore's ownership interest

Akastor ASA and Mitsui & Co., Ltd, have today signed an agreement for the transfer of all of Mitsui’s interests in AKOFS Offshore AS to Akastor. Agreed purchase price, after certain adjustments, is USD 22.5 million, of which U..

News > Finance > 2024-11-07 09:05:11

SBM completes FPSO divestment

SBM Offshore announces it has completed the divestment of a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (Hong Kong) Holding Co., ..

News > Finance > 2024-10-29 09:10:19

GT Wings secures grant from DfT

GT Wings recently announced that it has been awarded a £225,000 grant from the Department for Transport (DfT), United Kingdom Smart Shipping Acceleration Fund (SSAF). This funding will propel the company's #AirWing tech..

News > Finance > 2024-10-22 09:02:02

Bahri signs Murabaha financing agreement

Bahri, the National Shipping Company of Saudi Arabia and a global leader in maritime transportation and logistics, signed a landmark Murabaha Financing Agreement with Alinma Bank to secure financing to support its fleet modernizatio..

News > Finance > 2024-10-18 09:13:03

Hanwha goes for Dyna-Mac offer raise 

As Hanwha Group is displaying strong determination in acquiring Dyna-Mac, a Singapore-based offshore and oil facility company, the company is going for a raise in its offer for the remaining stake it does not own. Recently, Hanwha Gr..

News > Finance > 2024-10-16 09:37:37

MOL buys additional shares of MODEC

Mitsui O.S.K. Lines (MOL) announced that as of August 20, it completed the purchase on the market of 89,500 shares of common stock of MODEC and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15.00% stake..

News > Finance > 2024-08-22 09:10:45

Cadeler seals newbuild financing

Cadeler A/S has recently announced two significant developments in respect of its external debt facilities that, together, underscore the robust support that Cadeler continues to enjoy from its banking partners and their confidence in C..

News > Finance > 2024-08-21 09:10:45

XSI secures financing for 8 tankers

Xiamen Shipbuilding Industry, a subsidiary of China's Fujian Mawei Shipbuilding, recently secured financing from Shanghai Pudong Development Bank (SPD Bank) on July 16 for the construction of eight LNG-powered tankers. According ..

News > Finance > 2024-07-23 09:16:40