Search results for: raising

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  • 25 September 2013
    Business & Finance

    Scorpio Bulkers completed a private placement of 33,400,000 new ordinary shares of $0.01 par value at a subscription price of NOK 53.50, raising approximately $300 million in gross proceeds (the Private Placement). The proceeds from the Private Placement will be used to partly finance construction of a series of fuel efficient dry bulk vessels and […]

  • 24 October 2013
    Business & Finance

    Crowley Maritime Corporation has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. The company intends to use the net proceeds from this offering in connection with its new vessel build program as well as for general corporate purposes. “We are very pleased to have […]

  • 30 July 2013
    Business & Finance

    International accountant and shipping adviser Moore Stephens says shipping companies and their financiers could be among those affected by the introduction of the new International Financial Reporting Standard for consolidated financial statements. The new standard, IFRS 10, which deals with consolidated accounts, comes into force in 2014 in the EU, but is already in force […]

  • 29 May 2012
    Business & Finance

      Frontline 2012 Ltd. announce that it has completed a private placement of 56,000,000 new ordinary shares of USD 2.00 par value at a subscription price of USD 3.75, raising USD 210 million in gross proceeds to the Company (the “Private Placement”). Frontline 2012 has concluded an agreement to acquire a total of 16 firm […]

  • 16 January 2015
    Business & Finance

    Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has raised a total of USD 357 million from its share offering. The shipping company’s shareholders subscribed and paid approximately 10.420 million shares at a price of USD 21 each. The proceeds represent 89% of the company’s total capitalization worth USD 400. The controlling shareholder, Quiñenco, subscribed all the […]

  • 28 April 2016
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Swedish-based wave energy developer, Seabased, is looking to raise capital to fund its operations by inviting the existing shareholders and external investors to subscribe for new shares.

  • 20 April 2016
    Business & Finance, Research & Development, Technology

    Edinburgh-based tidal energy developer, Atlantis Resources, has raised approximately £6.5 million through conditional placing of shares.

  • 25 August 2014
    Business & Finance

    Transport Malta has strongly rebutted Valletta Gateway Terminal’s (VGT) unilateral decision to raise port handling charges, technically known as Terminal Operator Charges (TOC). VGT issued a Public Notice to its customers on August 14, stating that the new rates will apply as from September 1, 2014. “During discussions held with the port terminal operator, Transport Malta […]

  • 16 September 2019
    Business & Finance

    With the latest boost, Singapore Marine raised a USD 44 million in addition to the USD 105 million raised earlier.

  • 4 November 2014
    Business & Finance

    SBM Offshore is pleased to announce the successful completion of US$450 million of non-recourse senior secured debt by way of a US Private Placement (USPP) for the Deep Panuke Production Field Centre (PFC). The 3.5% fixed coupon bond is rated BBB- / BBB (low) by Fitch and DBRS respectively and carries a 7 year maturity. […]

  • 17 September 2014
    Business & Finance

    Danish shipping giant Maersk has raised USD 1.25 billion in two bond offerings. The net proceeds will be used for general corporate purposes, as explained by the company. This is the first ever USD bond offering for the shipping line, underwritten by Bank of America Merrill Lynch, Barclays, Citigroup, JP Morgan and Royal Bank of […]

  • 9 January 2017
    Business & Finance, Research & Development, Technology

    Carnegie Clean Energy has received firm commitments for a Au$5 million ($3.6 million) capital raise via the issue of 8 cent per share convertible notes under a three-year term.

  • 21 March 2014
    Business & Finance

    Navig8 Crude Tankers Inc has concluded secondary private placement and raisedUSD 245 million at a subscription price of USD 13.50 per share. The Private Placement money will be used to boost VLCC orderbook with six (6) additional newbuild orders as well as the existing eight (8) VLCC newbuilds already ordered by the company at Hyundai […]

  • 21 November 2013
    Business & Finance

    Owner and operator of the world’s largest fleet of LNG tankers, Navigator Holdings Ltd. (Navigator) has raised $228 million after its initial public offering of 12,000,000 shares of its common stock priced at $19 per share. The offering was announced yesterday and Navigator expected to receive net proceeds of approximately $156.4 million from the offering. […]

  • 10 December 2013

    BG Group announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion cubic […]

  • 2 September 2013
    Business & Finance

    Chairman Nicolas Busch says a second share placement is now on the cards after Oslo OTC listing beats target with $170m haul thanks to surprisingly strong appetite among investors Pools power Navig8 has become the latest shipowner to find joy on Oslo’s over-the-counter (OTC) market, exceeding expectations with an upsized $170m haul for an initial […]

  • 30 June 2011
    Business & Finance

      On 29 June, Offshore Energy’s Committee of Recommendation convened in Rotterdam for a diner pensant. The members, among others CEO’s and managing directors of Dockwise, Chevron, Van Oord, Mercon and Tullow Overseas Holding, discussed the ambitions, market position, program and organization of Offshore Energy 2011. The Committee fully embraces the event and strongly believes […]

  • 14 March 2012
    Business & Finance

    OSX raised US$ 500 million by issuing Senior Secured Bonds in the international market, the net proceeds of which shall be used for the construction of its FPSO OSX-3. The FPSO OSX-3 will have an oil production capacity of 100.000 bopd and a storage capacity of up to 1.300.000 bbls. The unit will be chartered […]

  • 23 August 2011
    Business & Finance

      Songa Offshore SE announced that the Company has finalized a new bank facility in the amount of USD 420 million. The new facility has a repayment profile of 8.5 years and will be used to finance the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently ready for delivery from Jurong shipyard in Singapore. Additionally, […]

  • 25 September 2013

    Scorpio Bulkers completed a private placement of 33,400,000 new ordinary shares of $0.01 par value at a subscription price of NOK 53.50, raising approximately $300 million in gross proceeds (the Private Placement). The proceeds from the Private Placement will be used to partly finance construction of a series of fuel efficient dry bulk vessels and […]

  • 27 April 2018
    Business & Finance

    The opening ceremony of newly dredged Rauma channel and extended container terminal was held yesterday at the Finnish Port of Rauma. Commenting the latest developments, Hannu Asumalahti, Managing Director of the Port of Rauma, said: “The projects supported each other and the now completed projects will significantly improve the competitiveness of the Port of Rauma. The […]

  • 2 October 2018
    Business & Finance

    Ports North said in its latest release that they continue to be a major contributor to regional economic growth with an almost doubling of operating profits in the 2017-18 financial year. “We have pushed into new growth areas with excellent results,” Ports North Chairman Russell Beer said. “And when we build our port capacities, we […]