Search results for: loan

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A list of search results

  • 8 August 2018
    Business & Finance

    Star Bulk Carriers unveiled an agreement for a new loan of USD 80 million.

  • 28 September 2015
    Business & Finance

    Norwegian shipping and tank terminal company Odfjell SE has secured loan financing with several lenders worth a total of USD 190.5 million. The first loan has been entered into with DNB Bank ASA, Danske Bank AS, DVB Bank America N.V and Swedbank AB for refinancing of existing loans for three chemical tankers. The vessels in question […]

  • 20 November 2015
    Business & Finance

    New York-listed dry bulk specialist Scorpio Bulkers Inc has received a commitment from an unnamed European financial institution for a loan facility of up to USD 12.5 million for its final unfinanced vessel. With this move, the company has now either signed credit facility agreements or received commitments for all 60 vessels in its fleet. Scorpio Bulkers said that the […]

  • 11 January 2019
    Business & Finance

    DeA Capital Alternative Funds has expanded its business into the shipping industry in Italy.

  • 28 September 2015
    Business & Finance

    Norwegian shipping and tank terminal company Odfjell SE has secured loan financing with several lenders worth a total of USD 190.5 million. The first loan has been entered into with DNB Bank ASA, Danske Bank AS, DVB Bank America N.V and Swedbank AB for refinancing of existing loans for three chemical tankers. The vessels in question […]

  • 25 March 2020
    Business & Finance, Infrastructure, Ports & Logistics

     Odfjell Terminals US (OTUS), jointly owned by Norwegian terminal operator Odfjell SE and Candian Northleaf Capital Partners, has closed a new five-year, $ 250 million revolving credit facility. The loan is intended for debt refinancing and funding investments in the existing infrastructure and new growth projects. The facility also includes potential additional funding of larger-scale […]

  • 11 April 2019
    Business & Finance

    Nord/LB sold its EUR 2.6 billion shipping loan portfolio to an affiliate of Cerberus Capital Management.

  • 10 September 2018
    Business & Finance

    Scorpio Bulkers has received a commitment for a loan facility of up to USD 34 million.

  • 17 July 2015
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) has confirmed to be in discussions with its creditors on potential moves that would improve the company’s financial status. The shipbuilder said in a filing with Korea Stock Exchange that it was considering various measures with creditors, but it did not disclose any further details on […]

  • 7 July 2016
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers has received an approval for a loan of up to USD 300 million from ABN AMRO Bank N.V., Nordea Bank Finland plc, acting through its New York branch, and Skandinaviska Enskilda Banken AB. According to the company, the loan, which will be used to refinance the existing indebtedness on 16 MR product […]

  • 4 August 2017
    Business & Finance

    Greek owner and operator of container and dry bulk vessels Navios Maritime Partners informed it has priced its USD 53 million incremental term loan under its Term Loan B facility, dated March 14, 2017.  The incremental term loan bears interest at LIBOR + 5.00%. Navios Partners said it plans to use the net proceeds of the loan […]

  • 26 February 2020
    Business & Finance

    Maersk has secured a new sustainability-linked revolving credit facility of USD 5 billion.

  • 29 March 2019
    Business & Finance

    Japanese shipping company K Line to raise JPY 45 billion (USD 406.6 million).

  • 24 December 2015
    Business & Finance

    Shandong Shipping Corporation has been granted a USD 280 million loan by CCB Financial Leasing, China Construction Bank’s subsidiary, to finance the building of its ten 82,000 dwt bulk carriers. Six of these vessels have been ordered at Sinotrans & CSC affiliated Jinling Shipyard in 2014 by SDTR Marine (SDTR), a joint venture between Shandong Shipping Corporation and Singapore-based […]

  • 17 July 2015
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) has confirmed to be in discussions with its creditors on potential moves that would improve the company’s financial status. The shipbuilder said in a filing with Korea Stock Exchange that it was considering various measures with creditors, but it did not disclose any further details on […]

  • 11 January 2018

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

  • 22 July 2015
    Business & Finance

    Italian shipping company Premuda has concluded the pending standstill agreements with its banks, under which banks formalized their intention not to exercise their rights to seek payment of the company’s outstanding debts. Premuda informed of its financial problems back in June, after which it managed to persuade banks to sign the standstill agreements so as to allow the company to […]

  • 1 June 2020
    Business & Finance, Business developments & projects

    Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers. The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month. Van Oord structured the loan according to green loan principles developed by the […]

  • 20 July 2017
    Business & Finance

    Turkey’s fast-growing Ro-Ro firm Alternative Transport has secured a EUR 27.5 million loan (USD 31.6 million) to finance the acquisition of a new roll-on/roll-off (Ro-Ro) cargo ship. Alternative Transport is investing in a new EUR 55.5 million-vessel, Meleq, with a capacity of 283 trailers to carry wheeled cargo such as cars, trucks, trailers or railroad cars […]

  • 18 September 2017
    Business & Finance

    The Government of India has signed a loan agreement worth USD 76 million for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be USD 111 million, out of which USD 76 million will be provided as soft loan from Japan International Cooperation Agency […]

  • 4 October 2018
    Business & Finance

    Scorpio Bulkers has scored yet another loan, continuing its successful fleet financing streak.

  • 22 July 2015
    Business & Finance

    Italian shipping company Premuda has concluded the pending standstill agreements with its banks, under which banks formalized their intention not to exercise their rights to seek payment of the company’s outstanding debts. Premuda informed of its financial problems back in June, after which it managed to persuade banks to sign the standstill agreements so as to allow the company to […]