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Chartwell Marine Secures £320k Innovate UK Smart Grant To Develop Market-First Methanol-Fuelled Vessel Design

Chartwell Marine, the cross-industry pioneer of next-generation vessel design, today announces its win of a £320k Innovate UK Smart Grant. The grant will enable Chartwell and consortium partners — Boat Electric & Electronics and Engineered Marine Systems — to develop and test the feasibility of a market-first methanol-fuelled vessel design, with applications in the offshore wind, commercial workboat and leisure sectors.

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DHT Holdings, Inc. announces $305 million financing

DHT Holdings, Inc. announces a new $305 million secured credit facility. It is in line with the “DHT-style financing” including a six-year tenor and a 20-year repayment profile. The new facility will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus a margin of 1.90%, including the historical Credit Adjustment Spread (CAS) of 26 basis points. The cost of the facility compares to a Libor equivalent margin of 164 basis points, representing a reduction in the Company’s borrowing cost.

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