Search results for: SBI Holdings Inc

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  • 26 May 2017
    Business & Finance

    Navig8 Chemical Tankers has taken delivery of the Navig8 Spica, a 25,000 dwt stainless steel chemical tanker, from Fukuoka Shipbuilding in Japan. The Navig8 Spica is the first of two vessels contracted at Fukuoka to be delivered to the company and is the first of two vessels to be delivered under the sale and leaseback […]

  • 19 May 2017
    Business & Finance

    Chemicals transportation company Navig8 Chemical Tankers has entered into a second sale and leaseback deal with subsidiaries of Japan-based SBI Holdings Inc (SBI) for two 25,000 dwt stainless steel chemical tankers being built by Japanese Fukuoka Shipbuilding.  BNP Paribas and Crédit Agricole Corporate and Investment Bank are providing debt financing to SBI in connection with the transaction, […]

  • 29 August 2017
    Business & Finance

    Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has taken delivery of its second 25,000 dwt stainless steel chemical tanker. The newbuilding, named Navig8 Sol, was constructed by Japanese builder Fukuoka Shipbuilding. It is the second of two vessels contracted at the shipyard to be delivered to the company. […]

  • 9 November 2016
    Business & Finance

    Due to a soft chemical tanker sector, the chemical shipping company Navig8 Chemical Tankers reported a drop in net income to USD 3.7 million for the three months ended September 30, 2016, compared to a net income of USD 9.6 million seen in the same quarter of 2015. The company said that the decrease in net income […]

  • 26 November 2015

    SBI Offshore, a provider of engineering, fabrication and equipment solutions to the offshore and marine industry, has terminated its joint venture with Axon Energy Products Inc. (Axon), an oilfield services company headquartered in Houston.  SBI Offshore and Axon formed the joint venture company Axon Rig Concept & Design Asia Pte. Ltd. (ARCDA) in Singapore, in July 2014. At […]

  • 26 October 2016
    Business & Finance

    Chemical shipping company Navig8 Chemical Tankers Inc. has expanded its fleet as it took delivery of a 25,000 dwt stainless steel chemical tanker, the Navig8 Stellar. Delivered by the Japanese shipbuilder Kitanihon Shipbuilding, Navig8 Stellar is the fourth of six vessels contracted at the shipyard to be delivered to the company. The tanker is also the second and final […]

  • 13 May 2020
    Business & Finance

    Monaco-based dry bulk shipping company Scorpio Bulkers has decided to postpone the installation of exhaust gas cleaning systems on thirteen of its vessels until at least 2021 as part of its cost-cutting measures. The bulk carrier owner said that the move is expected to delay the payment of between $20 million and $25 million of expenditures until […]

  • 27 July 2018
    Business & Finance

    SBM Offshore and SBM Holding Inc. signed a leniency agreement with the Brazilian authorities and Petrobras.

  • 1 November 2013

    In an effort to reorganise the debt-laden national shipbuilder Vietnam Shipbuilding Industry Group (Vinashin), the Ministry of Transport has announced the birth of a new corporation, the Shipbuilding Industry Corp. (SBIC). Vinashin, together with its subsidiaries, will be restructured into SBIC. The company will be state-owned with eight subsidiaries and registered capital of approx $451 […]

  • 18 January 2017
    Business & Finance

    Norway-based owner and operator of floating liquefied natural gas (LNG) import terminals Höegh LNG Holdings has signed contracts with two South Korean shipbuilders for the construction of two floating storage and regasification units (FSRUs), with an option for additional three FSRUs. The first shipbuilding contract (SBC) was inked with Samsung Heavy Industries (SHI) for the construction […]

  • 2 July 2015
    Project & Tenders

    SBM Offshore Services Inc. (SBM) has declared their option to extend the existing contract for the OCV “Normand Installer” with a minimum of 200 days charter for 2016. The Normand Installer is a deepwater construction vessel and has been on a similar contract with SBM since the vessel was delivered from the yard in 2006, […]

  • 2 July 2015
    Business & Finance

    Solstad Offshore has signed new deals for two of its construction support vessels (CSVs), Normand Installer and Normand Baltic.  Namely, SBM Offshore Services Inc. (SBM) declared their option to extend the existing contract for the CSV Normand Installer with a minimum of 200 days charter for 2016. The Normand Installer is a deepwater construction vessel […]

  • 18 March 2015
    Business & Finance

    Bulker operator Sobelmar Antwerp N.V. and certain of its subsidiaries have commenced Chapter 11 reorganization proceedings in the United States Bankruptcy Court for the District of Connecticut (Hartford). The company said that the Chapter 11 process will facilitate its restructuring as Sobelmar pushes to restore long-term financial health. “Even though Sobelmar remained current on its debt service […]

  • 19 August 2014
    Business & Finance, Equipment

    SBI Offshore Limited has secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middle East-Chinese Consortium which comprises six parties that have varied […]

  • 25 May 2015
    Business & Finance

    Goldenport Holdings Inc, Athens-based owner and operator of a fleet of dry bulk and container vessels, has taken full ownership of two 2009-built bulkers. The acquisition comes in the wake of termination of a joint venture company established with Topley Corporation, the Sentinel Holdings Inc. (Sentinel). Goldenport and Topley, a subsidiary of Glencore International AG, agreed the termination […]

  • 24 May 2010
    Business & Finance

    Saratoga Resources, Inc. announced that the Company has entered into a 20 year seismic licensing agreement with Seismic Exchange, Inc. (“SEI”) for 42.88 blocks of three-dimensional (“3-D”) seismic data, comprising approximately 400 square miles, located in the state waters of Louisiana. Licensing of this data now gives Saratoga close to 500 square miles of contiguous […]

  • 11 March 2019
    Business & Finance

    Scorpio Bulkers entered into agreements to sell two Kamsarmax vessels.

  • 19 October 2015
    Business & Finance

    Orion Marine Group, Inc., has announced the appointment of L. Dwayne Breaux to the position of Executive Vice President and Chief Operating Officer. Dr. Breaux brings over 30 years of experience in the engineering and construction industry with strong marine contracting expertise. Prior to joining the Company, Dr. Breaux was President of Wison Offshore & […]

  • 29 April 2011
    Business & Finance

      Bontan Corporation Inc. issues the following update with respect to its indirect working interest of 5.23% in the Israeli project comprising Sara and Myra licenses located in the Levantine Basin: Progress on Israeli Project: Israel Rig Contract – Myra and Sara Licenses The operator of the consortium of the Licenses has entered into an […]

  • 20 April 2016
    Business & Finance

    Korean Register (KR), an IACS member classification society, has inked an agreement with the Directorate General of Shipping (DGS) to deliver services on behalf of the Indian flag administration.  Under the deal, Korean Register is to carry out relevant vessel surveys and audits and issue certificates to Indian-flagged ships for SOLAS, MARPOL, ITC, ICLL, and MLC. […]

  • 28 September 2014
    Business & Finance

    1. Kongsberg Develops New Solution for 3D Subsea Monitoring Kongsberg Maritime has launched a unique solution for the detection of Scouring, Corrosion, Deformation and Marine Growth, which can destabilise wind turbines and underwater structures causing expensive, and potentially environmentally hazardous damage. 2. Technip-MMHE Joint Venture Officially Launched Technip and Malaysia Marine and Heavy Engineering Sdn […]

  • 14 July 2015

    Tong Jinquan, a Chinese billionaire, has increased its stake in Seadrill, an Oslo-listed offshore drilling contractor. According to Seadrill, which owns a large fleet of offshore drilling rigs, Wealthy Fountain Holdings Inc, owned by Jinquan, has on July 14, 2015 acquired 1,900,000 shares in Seadrill Limited at a price of $9.68. After this $18.4 million transaction, […]