Finance

  • United Maritime Updates on Tanker Delivery...

    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. Announces Pricing...

    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.

  • Maritime Administration Awards Nearly $20 Million...

    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. Announces The...

    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.

  • £3 million for new carbon capture project and...

    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.

     

  • Ports In China Record The Lowest Demurrage &...

    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.

     

     

  • HMM Plans $11 Billion Investment for Growth and...

    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. 

Pages

RCL steps up port investment, this time in Penang

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.

English

Pages

Top