Search results for: National Bank of Greece

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  • 28 November 2019

    ​National Bank of Greece (NBG) is to sell a EUR 262 million (about USD 288 million) portfolio of shipping loans.

  • 1 June 2013

    GasLog announced the finalization of the refinancing of the debt facility of Gas-two Ltd., the owner of the LNG carrier GasLog Singapore. A term loan facility of USD 110 million has been signed and drawn, and a revolving credit facility of up to USD 50 million has also been signed with DNB Bank ASA, acting through its […]

  • 22 September 2009

    A recent research from National Bank of Greece (NBG) on the shipping industry highlighted the country’s leading role in global sea transportation, although Hellenic ship owners are now coming face to face with never seen before challenges. According to the report, the nation merchant fleet remains the largest in the world, representing 15% of the […]

  • 7 September 2017
    Business & Finance

    Greek shipping company Capital Product Partners has entered into a firm offer letter for a new senior secured term loan facility worth USD 460 million. The term load was signed with a syndicate of lenders led by HSH Nordbank and ING Bank as mandated lead arrangers and bookrunners and BNP Paribas and National Bank of Greece […]

  • 18 September 2015
    Business & Finance

    Marine fuel logistics company Aegean Marine Petroleum Network has renewed its USD 1 billion secured global borrowing base multicurrency revolving credit facility under improved terms, the company informed.  In addition to the global borrowing base Aegean also announced that it has renewed its USD 250 million secured U.S. borrowing base revolving credit facility at a […]

  • 18 September 2015
    Business & Finance

    Marine fuel logistics company Aegean Marine Petroleum Network has renewed its USD 1 billion secured global borrowing base multicurrency revolving credit facility under improved terms, the company informed.  In addition to the global borrowing base Aegean also announced that it has renewed its USD 250 million secured U.S. borrowing base revolving credit facility at a […]

  • 28 July 2017
    Business & Finance

    Athens-based shipping company Capital Product Partners has secured a new USD 460 million loan for the refinancing of a number of its credit facilities. The company said it intends to use the net proceeds of the loans, together with available cash of USD 120.6 million, to refinance four out of five of its existing credit facilities amounting […]

  • 12 June 2014

    The European Investment Bank is providing further support for the natural gas system in Greece with a EUR 40 million loan to the Hellenic National Gas System Operator (DESFA), for the extension of an LNG terminal on the island of Revithoussa in the outer suburbs of Athens. Aimed at increasing reception, storage and output capacity, […]

  • 7 June 2016
    Business & Finance

    Investments for the improvement of the existing infrastructure are essential and would provide Greece with yet another competitive advantage in the country’s road to recovery, Prime Minister of Greece, Alexis Tsipras, said while inaugurating the Posidonia 2016 maritime exhibition, taking place from June 6 to 10 at the Athens Metropolitan Expo. The Greek ocean going shipping, […]

  • 7 August 2013

    After almost four years of intensive pipeline route selection and refinement in Greece, TAP has submitted its comprehensive Environmental and Social Impact Assessment (ESIA) to the Ministry of Energy, Environment and Climate Change. The objective of the ESIA is to assess and optimise the potential environmental, cultural heritage and socio-economic impacts of the proposed pipeline, […]

  • 5 March 2012
    Business & Finance, Operations & Maintenance

      Israel and Cyprus started a feasibility study for the construction of a submarine cable between the two nations, Reuters reported. The Israel-Cyprus branch would eventually be part of a much longer cable continuing to Greece and from there to the pan-European electricity power grid. If authorized, the EuroAsia Interconnector will extend 1,000 kilometers in […]

  • 29 September 2011

    The Trans Adriatic Pipeline (TAP) has submitted a Preliminary Environmental Impact Assessment (PEIA) to the Greek Ministry of Environment. This application is an addition to the scoping documents that TAP submitted earlier this year in preparation for its full Environmental & Social Impact Assessment (ESIA). In addition to complying with Greek law, TAP has also […]

  • 6 November 2015
    Business & Finance

    Greece-based bunker company Aegean Marine Petroleum Network Inc. has entered into a new $120 million credit facility for its wholly-owned subsidiary, Aegean Oil Terminal Corporation arranged by local United Arab Emirates banks. “With this new facility, we have established more favorable terms with lower margin and longer maturity dates than our 2013 Fujairah Credit Facility, […]

  • 26 October 2014
    Business & Finance

    European banks need to increase their provisions for bad shipping loans by 25%, to EUR 7.3 billion (USD 9.25bn), according to the European Central Bank’s (ECB) year-long examination of the resilience and positions of the 130 largest banks in the Euro area as of 31 December 2013. In the report the ECB said that it […]

  • 14 April 2014
    Business & Finance

    The Liberian Registry said the entry of private equity funding into the ship finance market is helping to sustain its continued growth. Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian registry, said, “Owners are ordering ships again, and there is a great deal of private […]

  • 7 June 2011

      The Trans Adriatic Pipeline (TAP) announced today that it has commenced its Environmental and Social Impact Assessment (ESIA) process in Greece. The submission of its Scoping Report to the Greek authorities comes after similar moves in Albania and Italy earlier this year and will follow the European Bank for Reconstruction and Development (EBRD) guidelines, […]

  • 11 October 2012
    Business & Finance

    The Trans Adriatic Pipeline (TAP) has strengthened its team in Italy with the appointment of Giampaolo Russo, who takes position as TAP Italy’s Country Man-ager, effective 15 October 2012. Paul Pasteris, will continue to work for TAP and to develop the project in Italy. Giampaolo Russo is a senior executive who has developed a successful […]

  • 15 August 2011

      National carrier MISC Bhd may put in a bid for a fleet of eight liquefied natural gas (LNG) ships owned by shipping giant AP Moller Maersk, international shipping publications speculated last week. The bids are understood to be due by end-August, with initial estimates valuing the fleet at US$1.3 billion (RM3.9 billion) to US$1.7 […]

  • 23 January 2013

    TAP officially submitted its Environmental and Social Impact Assessment (ESIA) for the Albanian section of the proposed natural gas pipeline to the National Licensing Centre in Albania. TAP with a group of Albanian and international experts developed the comprehensive ESIA report in accordance with the Albanian law and in compliance with the Environmental and Social […]

  • 8 June 2018
    Business & Finance

    Posidonia: New clusters, shipping centres emerge as trade grows and the control of ships and cargoes shifts eastwards.

  • 17 May 2011
    Business & Finance

      The Trans Adriatic Pipeline (TAP) announced yesterday that it has commenced the project’s formal Environmental and Social Impact Assessment (ESIA) process in Italy. The submission of its Scoping Report to the Italian authorities follows a similar move in Albania last month. The Scoping Report document was presented to national, regional, provincial and municipal authorities […]

  • 17 May 2011
    Business & Finance

    The Trans Adriatic Pipeline (TAP) announced yesterday that it has commenced the project’s formal Environmental and Social Impact Assessment (ESIA) process in Italy. The submission of its Scoping Report to the Italian authorities follows a similar move in Albania last month. The Scoping Report document was presented to national, regional, provincial and municipal authorities in […]