Finance

Japan narrows JOLCO supported vessels

As Japan tightens its operational lease program, difficulties arise for vessels built outside Japan to receive financial support from the system. According to industry sources and Tradewinds, Japan recently announced a revision to th..

News > Finance > 2023-03-28 09:26:43

Korea expands RG support for shipyards

South Korea maps out on expanding support for Refund Guarantee (RG) to be aligned with increasing new orders. Ministry of Economy and Finance and the relevant ministries held an ‘Export and Investment Conference meeting’ ..

News > Finance > 2023-03-14 09:23:23

HJSC signed blockchain-based ship finance MOU

Korea's shipping conglomerate HJ Shipbuilding & Construction (HJSC) signed a memorandum of understanding (MOU) with Korea Real Estate Investment & Trust (KOREIT) and Mirae Asset Global Investments (Mirae Asset) on February 1..

News > Finance > 2023-02-21 10:05:03

HSHI listing plan retracted

Korea Shipbuilding & Offshore Engineering (KSOE) has canceled its plan to list its affiliate, Hyundai Samho Heavy Industries (HSHI). According to industry sources and Tradewinds, KSOE will buy 4.647m shares of HSHI owned by local..

News > Finance > 2023-01-05 09:06:06

Seadrill to acquire Aquadrill

Seadrill Limited (NYSE & OSE: SDRL) (“Seadrill”) and Aquadrill LLC (“Aquadrill”; and together with Seadrill, the “Company”) announced on December 22 that they have entered into a definitive merger..

News > Finance > 2022-12-26 09:26:26

Sandbrook acquires majority stake in Havfram

Havfram, an offshore wind services company based in Norway, announced on November 7 that it has received a transformative investment from Sandbrook Capital, a private investment firm dedicated to building climate infrastructure companie..

News > Finance > 2022-11-10 09:58:58

RG worth $65m issued on Dae Sun

South Korean mid-sized shipbuilder Dae Sun Shipbuilding & Engineering announced on September 29 that a contract it signed last January to build two 1,000 teu feeder containerships finally goes into effect as the Export–Import ..

News > Finance > 2022-09-30 08:43:43

CyberOwl secures US$5.1m of investor funding

Maritime and offshore system cyber risk management specialists, CyberOwl announced on September 27 that it has successfully secured US$5.1M of investor funding to support the accelerated adoption of their Medulla cyber risk monitoring s..

News > Finance > 2022-09-28 09:47:47

Tidewater acquires Swire Pacific Offshore Holdings Limited

Tidewater Inc. (NYSE: TDW) (the “Company”) announced on April 22 that it has completed its acquisition of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and ..

News > Finance > 2022-04-25 09:26:26

BSM and Amon Maritime created 50/50 joint venture

Bernhard Schulte Shipmanagement (BSM) and the Norwegian ammonia specialist Amon Maritime jointly announced on April 5 that they created a 50/50 joint venture “Ula Ship Management” during Nor-Shipping in Oslo. The joint ventu..

News > Finance > 2022-04-08 09:33:33