Finance

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

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