GLYFADA, Greece, July 26, 2022 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announces the indicative delivery dates of the recently announced tanker fleet acquisition.
Capital Product Partners L.P., an international owner of ocean-going vessels, today announced that its wholly owned subsidiary, CPLP Shipping Holdings PLC, has successfully priced its previously announced offering of €100 million of unsecured bonds (the “Bonds”) in Greece. The Bonds will be guaranteed by CPLP. The Bonds will mature in 2029 and will have a coupon of 4.40%, payable semi-annually. The offering is subject to customary closing conditions, and settlement is expected to occur on July 26, 2022. The trading of the Bonds on the Athens Exchange is expected to commence on July 27, 2022.
Daewoo Shipbuilding & Marine Engineering (DSME) announced Monday that it received a 649.5-billion-won ($494.8-million) order from a European shipping company for two large liquefied natural gas (LNG) carriers.
Europe needs €10 trillion ($10.17tn) in cumulative green infrastructure investment by 2050 to transform its energy system and meet its net zero carbon ambitions, according to Goldman Sachs.
WASHINGTON, D.C. – Today, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced $19.6 million in grant awards to 24 small shipyards in 19 states through the Small Shipyard Grant Program. The funds will help awardees modernize, increase productivity, and expand local employment opportunities while competing in the global marketplace.
d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the “Company”or “DIS”), an international marine transportation company operating in the product tanker market, announces that its fully-owned operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers” or “Subsidiary”), has signed a US$ 82.0 million 5-year term facility with ING and Skandinaviska Enskilda Banken (SEB), to refinance the bank loans maturing in 2023 on MT Cielo di Cagliari, MT Cielo Rosso, MT Cielo di Rotterdam, and MT Cielo di New York.
The SeaCURE pilot plant will be built at the SEA LIFE centre in Weymouth, thanks to a £3 million grant from the UK government's Department for Business, Energy & Industrial Strategy (BEIS) through its Net Zero Innovation Portfolio as part of the Direct Air Capture & Greenhouse Gas Removals Innovation Programme.
Container xChange’s new Demurrage & Detention Benchmark 2022 report, published today, compares Demurrage & Detention (D&D) rates* imposed on customers by the world’s ten largest shipping lines across 60 of the world’s biggest container ports.
South Korea’s largest container shipping company HMM has become the latest carrier to announce growth plans fueled by the two-year surge in the container shipping industry. The company detailed a five-year strategy calling for $11.4 billion in investments both responding to “uncertainty arising from ever-changing business circumstances,” while also laying the foundation for sustainable growth.
The use of LNG for bunkering in the US maritime industry will take some time as shipowners and suppliers consider the costs of building infrastructure and assess the risks, according to industry sources.
Cyprus must take advantage of Brexit to develop as a maritime and financial centre, Andreas Hadjiyiannis, president of the executive committee of the Cyprus Union of Shipowners, said on Wednesday, following a meeting with President Nicos Anastasiades, at the Presidential Palace.
With the Baltic Dry Index (BDI) rebounding firmly and expectations abound that this is only the start of a new sustained recovery phase for the dry bulk market, ship owners are stocking up on new bulker acquisitions, in order to capitalize on the market’s rebound.
Zacks Investment Research upgraded shares of Gener8 Maritime Inc (NASDAQ:GNRT) from a sell rating to a hold rating in a research note issued to investors.
Penang Port will collaborate with Royal Caribbean Cruises (RCL) in a joint venture to upgrade and improve Swettenham Pier Cruise Terminal in Georgetown, Penang, to accommodate berthing of larger cruise ships at its facilities. The 60/40 joint venture will be jointly managed by both parties, with the majority stake held by Penang Port.
German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a deadline- April 15, 2017 – to present a concept that ensures a “higher level of total recoveries” than under a winding-up scenario of the firm.
Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a US bankruptcy filing of a firm from the city flags lingering pain despite economic recovery.