Finance

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

HD Hyundai Vietnam seals new financing deal

HD Hyundai Vietnam Shipbuilding, a Vietnamese subsidiary of HD Hyundai Mipo, signed a short-term credit financing agreement worth VND 3.8trn (about $150m) with Jointstock commercial Bank for Foreign Trade of Vietnam (Vietcombank) Khanh ..

News > Finance > 2024-05-29 09:16:20

Hefring concludes funding round

Hefring Marine has recently announced an investment of €2.2 million led by Faber Ventures with participation by Innoport VC, Two Ravens, MD-One, Riverstone Ventures, Idlewild Management LLC and Sukna Holdings. Hefring Marine is ..

News > Finance > 2024-05-22 09:02:13

Hanwha Ocean acquired 21.5% stake in Dyna-Mac Holdings

Hanwha Ocean has acquired a 21.5% stake in Dyna-Mac Holdings, a Singaporean offshore plant topside design and production company, for about KRW 91bn. Dyna-Mac is a Singapore-listed company established in 1990 and has two production b..

News > Finance > 2024-05-16 09:14:20

Damen-Siemens unveil vessel financing scheme

In a landmark partnership, Damen Financial Services (DFS) and Siemens Financial Services (SFS) have joined forces to establish a new facility for vessel financing solutions: Damen Ship Lease (DSL). The DSL facility is now one of the fun..

News > Finance > 2024-05-10 09:02:46

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