Finance

XSI secures financing for 8 tankers

Xiamen Shipbuilding Industry, a subsidiary of China's Fujian Mawei Shipbuilding, recently secured financing from Shanghai Pudong Development Bank (SPD Bank) on July 16 for the construction of eight LNG-powered tankers. According ..

News > Finance > 2024-07-23 09:16:40

HD Hyundai Vietnam seals new financing deal

HD Hyundai Vietnam Shipbuilding, a Vietnamese subsidiary of HD Hyundai Mipo, signed a short-term credit financing agreement worth VND 3.8trn (about $150m) with Jointstock commercial Bank for Foreign Trade of Vietnam (Vietcombank) Khanh ..

News > Finance > 2024-05-29 09:16:20

Hefring concludes funding round

Hefring Marine has recently announced an investment of €2.2 million led by Faber Ventures with participation by Innoport VC, Two Ravens, MD-One, Riverstone Ventures, Idlewild Management LLC and Sukna Holdings. Hefring Marine is ..

News > Finance > 2024-05-22 09:02:13

Hanwha Ocean acquired 21.5% stake in Dyna-Mac Holdings

Hanwha Ocean has acquired a 21.5% stake in Dyna-Mac Holdings, a Singaporean offshore plant topside design and production company, for about KRW 91bn. Dyna-Mac is a Singapore-listed company established in 1990 and has two production b..

News > Finance > 2024-05-16 09:14:20

Damen-Siemens unveil vessel financing scheme

In a landmark partnership, Damen Financial Services (DFS) and Siemens Financial Services (SFS) have joined forces to establish a new facility for vessel financing solutions: Damen Ship Lease (DSL). The DSL facility is now one of the fun..

News > Finance > 2024-05-10 09:02:46

MPCC secures financing for methanol vessels

MPC Container Ships ASA (MPCC) has successfully signed a USD 55 million pre- and post-delivery ECA covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings. The vessels are scheduled for de..

News > Finance > 2024-04-26 09:14:04

Ciner Shipping's fleet is backed by financing from China

Ciner Shipping, backed by substantial Chinese financing, is aggressively expanding its fleet, surpassing its Turkish competitor, Yasa Shipping. Since 2021, Ciner Shipping has ramped up orders to Chinese shipbuilders, totaling 22 vessels..

News > Finance > 2024-04-22 09:16:25

Marco Polo securs financing for CSOV newbuild

Marco Polo Marine announced on April 17 that its maiden Commissioning Service Operations Vessel (CSOV), currently under construction at Marco Polo Shipyard in Batam, Indonesia, is scheduled for delivery in September, and will be deploye..

News > Finance > 2024-04-17 09:02:03

MOL raises funds for VLCC

Mitsui O.S.K. Lines (MOL) announced on April 3 that the MOL Group signed a deal to raise funds through transition linked loan (TLL) financing with Sumitomo Mitsui Trust Bank. MOL has decided to apply the funds to finance the constructio..

News > Finance > 2024-04-04 09:06:35

KfW IPEX-Bank funds bulker duo

KfW IPEX-Bank is contributing to the fleet modernisation of the shipping group C. Armateurs, which is part of the Cobelfret group, with a financing of EUR 42 million. The Swiss-based shipping company operates a modern fleet of dry bu..

News > Finance > 2024-04-03 09:06:11