Owner and operator of pressurized gas carriers Epic Gas Ltd. has closed USD 50 million private placement and syndication of USD 120 million credit facility. The company said that it would use the net proceeds from the transaction to partly finance the construction of 7 pressurized LPG carriers under
Owner and operator of pressurized gas carriers Epic Gas Ltd. has closed USD 50 million private placement and syndication of USD 120 million credit facility. The company said that it would use the net proceeds from the transaction to partly finance the construction of 7 pressurized LPG carriers under
NOL Up for Sale Again? Singapore-based container shipping company Neptune Orient Lines has been put up for sale by investment company Temasek Holdings Pte. Ltd, NOL’s majority stake owner, the Wall Street Journal … Read more Iran Ready to Unleash Its Tanker Fleet Iran’s oil-shipping giant National I
NOL Up for Sale Again? Singapore-based container shipping company Neptune Orient Lines has been put up for sale by investment company Temasek Holdings Pte. Ltd, NOL’s majority stake owner, the Wall Street Journal … Read more Iran Ready to Unleash Its Tanker Fleet Iran’s oil-shipping giant National I
Finnish engineering company Wärtsilä plans to let go 600 employees from its Marine Solutions department, despite an increase in overall net sales and order intake in the first six months of 2015. Wärtsilä announced the planned job cuts in its Interim Report for 1HFY2015, describing the move as ”a re
Finnish engineering company Wärtsilä plans to let go 600 employees from its Marine Solutions department, despite an increase in overall net sales and order intake in the first six months of 2015. Wärtsilä announced the planned job cuts in its Interim Report for 1HFY2015, describing the move as ”a re
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
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
Singapore-listed Cosco Corporation Limited, an investment holding company, engaged in ship building, marine engineering and dry bulk shipping, expects to post a net loss in its consolidated financial results for the second half of 2015. The announcement follows Cosco’s reported decrease of 94% in ne
Singapore-listed Cosco Corporation Limited, an investment holding company, engaged in ship building, marine engineering and dry bulk shipping, expects to post a net loss in its consolidated financial results for the second half of 2015. The announcement follows Cosco’s reported decrease of 94% in ne
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) and NYSE -listed Accenture are collaborating to design a ‘connected smart ship’ aimed at enabling ship owners to better manage their fleets and achieve potential operational savings through the application of digital technologies. Using
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) and NYSE -listed Accenture are collaborating to design a ‘connected smart ship’ aimed at enabling ship owners to better manage their fleets and achieve potential operational savings through the application of digital technologies. Using
WinGD, a joint venture between Finnish marine engine builder Wärtsilä and China State Shipbuilding Corporation, has been chosen to provide the engine for the first in a series of 20,600 TEU container ships being built for the French container line CMA CGM. The mega vessel will be powered by the Wärt
WinGD, a joint venture between Finnish marine engine builder Wärtsilä and China State Shipbuilding Corporation, has been chosen to provide the engine for the first in a series of 20,600 TEU container ships being built for the French container line CMA CGM. The mega vessel will be powered by the Wärt
