Search results for: VTB Bank

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  • 4 July 2013

    VTB Bank has provided financing to the Vyborg Shipyard as part of the development of its further strategic cooperation with the United Shipbuilding Corporation and its subsidiaries. VTB has set a RUB 6.2 billion letter of credit documentary limit for the shipyard. Within the limit, the bank opened several credit lines for an aggregate sum […]

  • 17 June 2016
    Project & Tenders, Vessels

    Sovcomflot has on Friday signed a US$260 million 13-year loan agreement with VTB Bank to finance the construction of its Arctic LNG tanker for the Yamal LNG project.

  • 12 September 2016

    SCF Group, one of the world’s leading shipping companies, said that it has completed a series of financing transactions in the total amount of US$1.26 billion.

  • 12 September 2016
    Business & Finance

    Russian shipping major Sovcomflot (SCF) has completed a series of financing transactions in the total amount of USD 1.26 billion, which include USD 750 million of unsecured public debt and USD 512 million of bank loans raised for to funding SCF’s fleet renewal and expansion programme and for the refinancing of maturing debt. The company said that the […]

  • 24 January 2018
    Business & Finance

    DP World continues to seek investment opportunities in Russia, but there have been no concrete transactions made so far.

  • 17 June 2016
    Business & Finance

    Russia’s largest shipping company SCF Group (PAO Sovcomflot) and its compatriot VTB Bank signed a USD 260 million loan agreement to finance the construction of an Arctic LNG tanker for the Yamal LNG project. The new tanker will be able to carry up to 172,600 cubic metres of liquefied natural gas (LNG) and has an ARC7 enhanced ice class, enabling […]

  • 7 November 2017
    Business & Finance

    Russian transportation and logistics firm Far-Eastern Shipping Company (FESCO) has inked a USD 680 million debt financing deal with VTB Bank. FESCO plans to use the credit facility to repay and/or settle a significant portion of its existing financial liabilities. PJSC Commercial Port of Vladivostok, a member of the group, will act as the borrower under […]

  • 17 September 2013
    Business & Finance

    Gunvor Group  announces the closing of a USD 675 Million Long-Term Secured Facility to finance the Company’s flagship investment, its Ust Luga Oil Products Terminal in the Russian Federation. “We are very pleased with the outcome of the Facility, which is non-recourse to Gunvor, as it attracted considerable commitments from international and Russian banks amounting […]

  • 31 July 2014
    Business & Finance

    The U.S. sanctions against Russian state-owned naval designer and shipbuilder JSC United Shipbuilding Corporation (USC) will make life difficult for the company, especially with respect to financial transactions with payments in USD, according to the Corp. President Alexey Rakhmanov. However, the sanctions “are not fatal” for the USC, Rakhmanov told “Russia 24” TV Channel, adding […]

  • 25 January 2017

    By Katya Golubkova, Dmitry Zhdannikov and Stephen Jewkes MOSCOW/LONDON/MILAN (Reuters) – More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records the full identities of those who bought it. The […]

  • 6 May 2016
    Business & Finance

    Selection of consultants for the privatization of Russian shipping company Sovcomflot has been launched, Russian Ministry of Economy said. As informed, Russia has sent proposals to banks and organizations to help organize and sell 25 percent in Sovcomflot minus one share. According to local media both Russian and international banks have submitted proposals to take part in […]

  • 25 January 2017

    By Katya Golubkova, Dmitry Zhdannikov and Stephen Jewkes MOSCOW/LONDON/MILAN (Reuters) – More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records the full identities of those who bought it. The […]

  • 26 December 2011

      Severnaya Verf and Sberbank of Russia have signed a non-revolving credit agreement for approx. USD 212.37 million. Under the agreement, the debt on the credit line is to be repaid by the borrower on December 30, 2015. The loan accounts for 10.86% of the shipyard’s assets value as of September 30, 2011. Earlier this […]

  • 29 June 2011

    On 22 June 2011, as a part of the 24th Annual Marine Money Week held in New York, SCF Group (Sovcomflot) was presented with Marine Money’s “2010 Deal of the Year Award” in the category “Public Debt Europe”. The award was received by Nikolay Kolesnikov, SCF Executive Vice-President & CFO, representing the company. Marine Money […]

  • 14 March 2017
    Business & Finance

    The privatization of the Russian shipping major Sovcomflot will not be carried out before May, 2017, Russia’s Economy Minister Maxim Oreshkin is quoted as saying by the country’s TASS news agency. The privatization was scheduled to take part in the first half of the year, but it will not take place before May. Russia owns 100% […]

  • 18 May 2017

    By Gleb Stolyarov and Jack Stubbs MOSCOW (Reuters) – Russia plans to sell part of state shipping firm Sovcomflot next month, hoping to draw in a wide range of small-stake investors rather than a strategic buyer who could threaten Moscow’s control of the group, banking and industry sources say. The current era of low tanker […]

  • 17 June 2020
    Infrastructure, Vessels

    US privately-owned firm Quality Liquefied Natural Gas Transport (Q-LNG) is to take delivery of its first newbuild vessel from shipbuilder VT Halter Marine. The New Orleans-based company, owned by Harvey Gulf International Marine’s CEO Shane Guidry, expects to take delivery of the Q-LNG 4000 LNG ATB within a few weeks. Once in service, the 4000-cbm […]

  • 15 September 2011

    VT Halter Marine, Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), today announced the delivery of Endurance, the second 8,000 hp Articulated Tug Barge (ATB) tug to Overseas Shipholding Group, Inc. This is part of a contract that VT Halter Marine signed with OSG in April 2010 to complete two tugs […]

  • 22 February 2013

    VT Halter Marine, Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), on February 13 announced a new contract to build an Articulated Tug Barge (ATB) unit with an option unit for Bouchard Transportation Co., Inc. (Bouchard). The option must be exercised within 60 days of the initial contract award. The barge […]

  • 6 September 2006

    VT Halter Marine has won another contract to build articulated tug barges for Crowley Maritime Corp.’s subsidiary, Vessel Management Services. The four tug barges are valued at $236 million. The tug and barge combination transport vessel is a joint design of Pascagoula-based VT Halter and Crowley, which is headquartered in Oakland, Calif. The barges will […]

  • 15 February 2013
    Business & Finance

    VT Halter Marine, Inc., a subsidiary of VT Systems, Inc., yesterday announced a new contract to build an Articulated Tug Barge (ATB) unit with an option unit for Bouchard Transportation Co., Inc. The option must be exercised within 60 days of the initial contract award. The barge measures 625 feet by 91 feet by 47 […]

  • 11 February 2014

    VT Halter Marine, a subsidiary of VT Systems, today launched the ocean-going 112 foot Articulated Tug Barge (ATB) tug, Denise A. Bouchard. Measuring 112 feet by 35 feet by 17 feet, the 4,000hp tug is classed by ABS as A1 Towing Vessel, Dual Mode, and is equipped with an Intercon Coupler System. Construction of the […]