Finance

Korea to reform RG system for mid-sized yards

Financial authorities in South Korea sets up a guideline and come forward to reform systems with the goal of helping mid-sized shipyards to have more refund guarantee (RG). Kim Byung-hwan, the head of the Financial Services Commissio..

News > Finance > 2025-03-24 13:45:25

Hanwha Ocean Clears 'Deficit' from Daewoo Shipbuilding Era

Hanwha Ocean has completely resolved the accumulated deficits that had persisted since the Daewoo Shipbuilding & Marine Engineering (DSME) era. At the time of acquisition negotiations between Hanwha Group and Korea Development Bank..

News > Finance > 2025-03-11 12:24:24

Econowind secures EUR 1m investment

Dutch company Econowind, based in Zeewolde, announced on February 18 that it has secured €1 million in development capital from Invest International to advance and test its VentoFoil XL, a 24-30 meter high steel wind sail inspired ..

News > Finance > 2025-02-19 09:02:23

Hapag chooses green financing for ships

Hapag-Lloyd will use green financings for the 24 large container ships which were ordered in October 2024. The newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment volume of around USD 4 billion. ..

News > Finance > 2025-02-07 09:40:29

H2Carrier signs MOU to boost green solutions

H2Carrier and Greenstat Hydrogen India Sign MoU to Advance Green Hydrogen and Ammonia Solutions. Bergen/Oslo 2nd January 2025 – Greenstat Hydrogen India (GHI), a leading developer of green hydrogen and its derivatives, and H2Ca..

News > Finance > 2025-01-06 09:09:24

BW LPG acquires all 12 VLGCs from Avance Gas

With reference to the stock exchange announcement on 15 August 2024 for the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd., BW LPG Limited has taken delivery of vessel BW Avior on 31 December 2024..

News > Finance > 2025-01-03 09:14:26

Golar acquires outstanding minority interests for FLNG Hilli

Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions compr..

News > Finance > 2024-12-27 09:15:01

Equinor acquires 10 percent of shareholdings in Ørsted A/S

Equinor has completed the acquisition of 10 percent of the shareholding in Ørsted A/S (“Ørsted”) as announced on 7 October 2024. Following approvals under applicable Foreign Direct Investment regulations, Eq..

News > Finance > 2024-12-26 09:10:13

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