Search results for: guarantees

3640 results

A list of search results

  • 25 October 2017
    Business & Finance

    Russia’s Far-Eastern Shipping Company (FESCO) has obtained a guarantee approval from a majority of its shareholders for outstanding senior secured notes totaling around USD 644 million. The company said that the notes consist of 8% senior secured notes due 2018 and 8.75% senior secured notes due 2020. The provision of the guarantee, with shareholder approval […]

  • 31 August 2015

    To be able to compete with the lower labour costs in Asia, Africa and the outer regions of Europe, we simply have to meet the highest quality standards. We don’t try to be the cheapest, we want to be the best. Still for a reasonable price of course. Van Voorden Castings is a foundry based […]

  • 31 August 2015

    To be able to compete with the lower labour costs in Asia, Africa and the outer regions of Europe, we simply have to meet the highest quality standards. We don’t try to be the cheapest, we want to be the best. Still for a reasonable price of course. Van Voorden Castings is a foundry based […]

  • 11 January 2018

    Croatia has decided to provide a USD 115.6 million state guarantee for a loan to help shipbuilder Uljanik to restructure.

  • 28 August 2014

    A meeting between Gazprom’s Management Committee Chairman Alexey Miller and Kyrgyz President Almazbek Atambayev took place in Bishkek as part of a working visit of the Gazprom delegation to the Kyrgyz Republic. The parties addressed the main cooperation issues in the oil and gas sector and noted that Gazprom’s entry into the Kyrgyz gas market […]

  • 23 July 2014
    Vessels

    China Shipping Development Company (CSDC) has guaranteed orders for three LNG newbuilds, being built by DSME for the Yamal LNG project. Total consideration for the construction of  the ice-class vessels is close to US$1 billion. “The total aggregate liability of the Company under the Corporate Guarantees will not exceed US$490 million,” CSDC said in a […]

  • 19 September 2017
    Business & Finance

    European Shippers’ Council (ESC), together with the other associations, is looking for a way to cut the administrative and financial burden related to the guarantees against customs debts. Namely, the association has asked the European Commission’s Directorate-General for Taxation and Customs Union to reduce the guarantees expenses. According to the Union Customs Code, a shipper […]

  • 4 September 2012

    The Japan Bank for International Cooperation signed a set of agreements to provide a guarantee for the first yen-denominated foreign bonds issued by Qatar Petroleum in the Japanese bond market.  JBIC’s guarantee will cover the principal and part of the interest of the privately placed Samurai Bonds totaling 85 billion yen. The joint lead arrangers […]

  • 14 August 2013
    Business & Finance

    The Panama Canal Authority (ACP) will invest in its fiscal year (FY) 2014 (October 1, 2013 to September 30, 2014) approximately US$238 million in maintenance of structures and equipment to continue providing an efficient service to the international maritime community. “The key to the Panama Canal’s operational excellence is a combination of its committed workforce […]

  • 2 January 2014
    Business & Finance

    Algoma Central Corporation announced that it has received payments totalling $41.7 million from two Chinese banks on refund guarantees related to the cancellation of three ocean tanker shipbuilding contracts which occurred in 2010. “We are extremely pleased to announce the collection of these outstanding instalment refunds,” said Greg Wight, President and CEO of Algoma. “The […]

  • 26 April 2017

    Offshore driller Seadrill has closed a deal with oilfield services firm Archer to extinguish $253 million in financial guarantees provided by Seadrill. The scrapping of the guarantees comes in exchange for a cash payment of approximately $25 million. Seadrill said on Wednesday it remained in “constructive discussions” with Archer and its lenders to extinguish the […]

  • 2 September 2016
    Business & Finance

    The Canadian shipping company Algoma Central Corporation has collected USD 29.1 million being the final refund guarantee related to the cancellation of the four shipbuilding contracts with China’s shipbuilder Nantong Mingde Heavy Industries Co. Ltd. “The collection of this final refund guarantee brings to an end the extended process related to the cancellation of the […]

  • 23 August 2019
    Business & Finance

    The state guarantee will allow the shipyard to seek loans from banks.

  • 20 November 2013

    OSX Brasil S.A. (OSX), a Brazilian publicly held corporation, today announced that it was informed by Banco Votorantim S.A. (Votorantim) that Votorantim honored the guarantee letter from Banco Nacional de Desenvolvimento Econômico e Social (BNDES) related to the execution of the bank guarantee for the bridge loan taken by the subsidiary OSX Construção Naval S.A. […]

  • 23 September 2013

    Qatargas said that it is not obliged to send any liquefied natural gas to Petronas’ Dragon LNG terminal under a five-year deal it has signed last week. “Qatargas has the flexibility rights to divert all these cargoes elsewhere. We are neither able to divulge how much of the contracted volume will be delivering into the […]

  • 20 July 2005

    THE European Commission says it has authorised a state guarantee scheme introduced by The Netherlands. Guarantees will be granted to financial institutions providing loans to Dutch shipyards in order to finance the construction of ships.

  • 19 September 2019
    Business & Finance

    Siemens Gamesa has expanded its green guarantee line to EUR 1.25 billion which the company will use to fund its business of manufacturing and selling onshore and offshore wind turbines worldwide. In a deal arranged with BNP Paribas, the company converted a EUR 240 million guarantee line into a “green” line and signed an additional line […]

  • 6 April 2010

    The Croatian Government has adopted a decision to give state guarantees to the London branch of Credit Suisse International for loans to the 3.Maj shipyard and Brodosplit-Brodogradiliste. It will also give state guarantees to JP Morgan, London, for a loan to Brodotrogir. At 3.Maj, the loans will go towards financing several construction projects while at […]

  • 12 July 2012
    Business & Finance

    The European Commission has authorised under EU state aid rules, a state guarantee backing a rescue loan of €152.4 million(USD 186.5 mln) for the German shipbuilder P+S Werften in Mecklenburg-Vorpommern. The aid is in line with EU rules on rescue aid because it is limited in time and scope. The Commission approved the measure temporarily, […]

  • 28 April 2016
    Business & Finance

    DONG Energy will cover additional costs of UK businesses “going green”, so that they can access renewable electricity and achieve their sustainability ambitions without commercial disadvantage, the offshore wind developer informed today. “We are taking this bold step because we believe that all businesses should have access to renewable electricity supply without paying a premium,” said Jeff […]

  • 11 January 2019
    Business & Finance

    Siemens Gamesa has, in a deal arranged with BBVA, converted a EUR 900 million guarantee line into a ‘green’ transaction and will use it to support its business of manufacturing and selling onshore and offshore wind turbines worldwide. Through this deal, Siemens Gamesa has also become the first company in Spain to arrange a guarantee line that […]

  • 11 January 2019
    Business & Finance

    Siemens Gamesa has, in a deal arranged with BBVA, converted a EUR 900 million guarantee line into a ‘green’ transaction and will use it to support its business of manufacturing and selling onshore and offshore wind turbines worldwide. Through this deal, Siemens Gamesa has also become the first company in Spain to arrange a guarantee line that […]