Search results for: finance

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  • 15 January 2019
    Business & Finance

    Sixteen European companies have launched a corporate forum with an aim to push forward the development of sustainable finance. The Corporate Forum on Sustainable Finance gathers Green Issuers committed to upholding and developing sustainable finance as a critical tool to fight climate change and foster a more sustainable and responsible society. The founding companies include EDF, […]

  • 15 January 2019
    Business & Finance

    Sixteen European companies have launched a corporate forum with an aim to push forward the development of sustainable finance. The Corporate Forum on Sustainable Finance gathers Green Issuers committed to upholding and developing sustainable finance as a critical tool to fight climate change and foster a more sustainable and responsible society. The founding companies include EDF, […]

  • 29 November 2016
    Business & Finance

    Tanker owner and operator Frontline has secured a commitment for a senior secured term loan facility of up to USD 321.6 million in November to partially finance eight of its newbuildings. The company said that the loan, which will be provided by China Exim Bank and insured by China Export and Credit Insurance Corporation, matures in […]

  • 31 December 2015

    The South Korean government is planning to set up a USD 1.2 billion ship investment fund to boost its shipping industry, Yonhap news agency informed. The fund is expected to be led by local commercial banks and state-run financial institutions including the Korea Development Bank, Export-Import Bank of Korea and Korea Trade Insurance Corporation. The […]

  • 6 January 2017
    Business & Finance

    Belgian tanker owner and operator Euronav NV has signed a new USD 410 million senior secured amortizing revolving credit facility, which was made available in mid-December to refinance 11 vessels. The new loan, also used for general corporate and working capital purposes, was used to refinance the USD 500 million senior secured credit facility dated March […]

  • 17 January 2017
    Business & Finance

    International banking group Standard Chartered has completed three shipping finance deals for clients in Asia and the Middle East valued in excess of USD 1.6 billion. In December 2016, Standard Chartered concluded a USD 684.5 million, up to 12-year non-recourse shipping finance facility for BW Gas JuJu LNG Limited, a joint venture partnership between BW […]

  • 20 April 2016
    Business & Finance

    Oslo-listed BW LPG Limited has signed a debt facility agreement worth USD 221 million for the financing of four of its Very Large Gas Carrier (VLGC) newbuildings. The financing has been raised from ING Bank, KFW IPEX-Bank GmbH, Oversea-Chinese Banking Corporation Limited (OCBC) and Standard Chartered Bank, as mandated lead arrangers, where ING Bank also acted […]

  • 6 July 2015
    Business & Finance

    The Energy Finance team (Leon Pulles, Johan Schoone) of Royal HaskoningDHV has executed research to reduce one of the offshore wind cost sources – the financing costs. The financing costs are defined as those costs arising from attracting debt and/or equity in order to finance the wind farm. The largest part of these costs arise […]

  • 6 July 2015
    Business & Finance

    The Energy Finance team (Leon Pulles, Johan Schoone) of Royal HaskoningDHV has executed research to reduce one of the offshore wind cost sources – the financing costs. The financing costs are defined as those costs arising from attracting debt and/or equity in order to finance the wind farm. The largest part of these costs arise […]

  • 15 July 2016
    Business & Finance

    Asset finance of renewable energy projects in the first half of 2016 was at USD 92 billion worldwide, down 19% on H1 2015, with the biggest asset finance deals of the second quarter made in offshore wind in Europe, according to the latest data from Bloomberg New Energy Finance (BNEF). This was led by the […]

  • 8 November 2019
    Business & Finance, Operations & Maintenance, Research & Development

    Ocean Renewable Power Company (ORPC) has closed on commitments for $7.5 million in private equity, allowing it to expand its business development and sales focus in the U.S., Canada and Chile. The new deal comes a week after ORPC scooped up Department of Energy (DOE) grant of $3.8 million to develop innovative hydropower technology. “With […]

  • 23 November 2018
    Business & Finance

    Ship Finance International Limited would like to increase its exposure in the tanker segment.

  • 18 June 2015

    Cardiff-based tidal stream technology company, Tidal Energy Ltd (TEL), has announced revised plans for the deployment of its full-scale tidal energy generator in Ramsey Sound, Pembrokeshire. The Company is currently reviewing its installation options and exploring different revenue streams for the project’s deployment and its planned 10MW commercial array scheme off St Davids Head. Martin […]

  • 22 December 2015
    Business & Finance

    Russia’s Sovcomflot Group and Sberbank CIB have signed a 14-year USD 340 million credit facility agreement to finance the construction of three Arctic shuttle tankers for the Novy Port project, operated by Gazprom Neft. Novy Port is one of the largest oil and gas condensate deposits on the Yamal peninsula in Russia. The vessels will […]

  • 14 October 2015
    Business & Finance

    Australian shipbuilder Austal Limited has executed a conditional, three year financing agreement said to be worth around AUD 232 million with a syndicate of four banks from Australia and U.S. It is expected that all of the conditions precedent will be met in the coming weeks resulting in an effective date for the new agreement in […]

  • 14 October 2015
    Business & Finance

    Australian shipbuilder Austal Limited has executed a conditional, three year financing agreement said to be worth around AUD 232 million with a syndicate of four banks from Australia and U.S. It is expected that all of the conditions precedent will be met in the coming weeks resulting in an effective date for the new agreement in […]

  • 21 November 2017
    Business & Finance

    Oslo-listed ship owner and operator Flex LNG has reached an agreement on a loan facility to finance three of its newbuildings, scheduled for delivery in the first half of 2018. The company received a firm offer for a USD 315 million term loan facility (TLF) on November 14, agreed to be drawn in connection with the delivery of […]

  • 6 November 2018
    Business & Finance

    Ship Finance signed a USD 400 million lease financing to finance four 14,000 TEU container vessels.

  • 21 January 2016

    Sydney-based Origin Energy, the holder of a 37.5 percent stake in the Australia Pacific LNG project, remains confident in its robust financing arrangements during the low oil prices period.

  • 31 May 2016
    Business & Finance

    New York-listed Ship Finance International Limited said that it took delivery of the remaining two 9,300-9,500 TEU container vessels, adding to the vessel delivered to the company in November 2015. The boxships, which joined their owner in February and in May, have been chartered to Maersk Line for a minimum period of five years, with options for the charterer to […]

  • 21 September 2017
    Business & Finance

    Chinese banks seem to be the emerging power when it comes to securing capital for the shipping industry. The market has been dominated by European lenders which are starting to turn to a more localized strategy as they work to trim down their exposure to bad shipping loans. This is in particular seen in Germany, […]

  • 18 October 2017
    Business & Finance

    Miami-based cruise company Royal Caribbean International has entered into credit agreements for the financing of the first and second Project Icon ships. Under the deals, signed on October 11, 2017, Royal Caribbean Cruises is granted an unsecured US dollar-denominated term loan, the substantial majority of which is to be guaranteed 100% by the official export credit agency […]