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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Boskalis awarded EUR 45 million dredging project in the Republic of Maldives

Royal Boskalis Westminster N.V. has been awarded a contract by the Ministry of National Planning and Infrastructure, Republic of Maldives, in relat...

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TT Club wins Marine Insurance Award in Middle East

TT Club received the award for Marine Insurer of the Year at a ceremony held at Atlantis The Palm, Dubai. The award celebrates an insurance compan...

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Trafigura secures USD 1.5 billion-equivalent syndicated revolving credit facility

Trafigura Pte Ltd, a market leader in the global commodities industry, announced the closure of its new Syndicated Revolving Credit Facility and Te...

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Chapman Freeborn OBC expands global footprint with new office in Los Angeles, California

Chapman Freeborn OBC has expanded its global network of offices to Los Angeles, California to help provide dedicated support for customers in the U...

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Apollo Asset grants Revolving Credit Facility of USD 15m for Hunter Tankers

Hunter Tankers AS, a wholly owned subsidiary of Hunter Group ASA, has entered into a USD 15.0 million revolving credit facility agreement with Apol...

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Scorpio Bulkers sold 2 ultramax bulk carriers for $37.9 million

Scorpio Bulkers Inc. announced that the Company has entered into agreements with an unaffiliated third party to sell the SBI Puma and SBI Cougar, 2...

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OSC signs USD 110mn loan to refinance 5 ships

Muscat-based Oman Shipping Company (OSC) has agreed a new USD 110 million ship financing deal with banking and financial services company Standard ...

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Hapag-Lloyd launches online marine insurance "Quick Cargo Insurance"

Hapag-Lloyd is expanding its digital product portfolio. As one of the first container shipping companies, Hapag-Lloyd is now offering its customers...

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