DAE signs new US$300 million 4-year unsecured term loan

Dubai Aerospace Enterprise (DAE) Ltd. announced that it has signed a US$300 million 4-year unsecured term loan with China Construction Bank (DIFC B...

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Safe Bulkers refinances $105.2 million of existing loan facilities

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced that the Company has entered into sale and lease...

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TORM obtains USD 496m bank financing for the refinancing of existing debt

TORM has obtained commitment from leading ship lending banks for two separate term facilities and a revolving credit facility of up to a total of U...

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NIB finances new hybrid electric ferries in Norway

NIB and the Norwegian ferry operator Fjord1 ASA have signed a seven-year loan agreement of NOK 750 million (EUR 76 million) to finance the acquisit...

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Euronav offloads three VLCCs in sale and leaseback deal

Euronav NV announces that it has entered into a sale and leaseback agreement for three VLCC vessels with Taiping& Sinopec Financial Leasing Ltd...

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Diamond S obtains $525 million credit facility

Diamond S Shipping Inc., announced that it has closed on a five-year $525 million credit facility, composed of a $375 million term loan and a $150 ...

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Cargojet Redeems Outstanding 4.65% Convertible Debentures

Cargojet Inc. announced that it has redeemed the $2,139,000 aggregate principal amount outstanding on its 4.65% convertible unsecured debentures du...

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MOL acquires full ownership of EML

Höegh Autoliners and Mitsui OSK Lines (MOL) have signed an agreement whereby MOL will acquire Höegh Autoliners’ 50 percent sharehol...

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MOL secures Green Loan for largest LNG bunkering vessel

Mitsui O.S.K. Lines, Ltd. announced it has signed its first green loan, the proceeds of which will be used to partially finance the construction of...

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Pyxis Tankers announces vessel sale

Pyxis Tankers Inc., an emerging growth pure play product tanker company, announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 ...

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Unifeeder acquires the Feedertech Group

Unifeeder has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator. The Group’s Chairman, Ali Maghami...

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Air Arabia places US$14 billion order for 120 Airbus A320 family aircraft

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), set another milestone with one of the region’s...

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Emirates announces US$ 16 billion order for 50 A350-900 XWB

Emirates, the world’s largest international airline, announced a firm order for 50 A350-900 XWB aircraft worth US$ 16 billion (AED 58.7 billi...

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Hapag-Lloyd doubles operational result in the first nine months

In the first nine months of 2019, Hapag-Lloyd’s earnings before interest and taxes (EBIT) significantly increased to EUR 643 million (9M 2018...

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EUR 140 million EIB backing for Port of Piraeus transformation

The European Investment Bank (EIB) formally agreed to provide EUR 140 million to support expansion and upgrading of the Port of Piraeus, the princi...

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MPC Capital acquires stake in tanker specialist Albis Shipping & Transport

MPC Capital AG, an international asset and investment manager of real assets, has acquired a strategic stake of 50 percent in Albis Shipping & ...

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Jaxport awarded $20 million from federal government

The federal government has awarded the Jacksonville Port Authority (JAXPORT) a $20 million grant for the reconstruction of more than 100 acres of e...

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BW LPG enters agreement to sell two large gas carriers

BW LPG Limited, has entered into a Memorandum of Agreement (MOA) to sell the remaining two Large Gas Carriers (LGCs) in the fleet. BW Nantes and B...

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Sovcomflot signs financing and time-charter agreements

SCF Group and VEB.RF Group, a Russian financial institution, signed an agreement for lease financing of the lead ship in a series of icebreaking LN...

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Bahri’s net profit surges 81 pc in Q3

Bahri, a global leader in logistics and transportation, announced strong financial results for the third quarter ended September 30, 2019, on the b...

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