Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
Golar LNG Signs Finance Lease Agreements for FLNG Gimi
Golar LNG Limited (Golar) has entered into finance lease agreements with a consortium of leading Chinese leasing companies for the refinancing of the existing FLNG Gimi debt facility. The sale leaseback facility will be approximately $1.2 …
Mar 20, 2025 / Finance
Econowind receives one million euros investment to harness the wind for deep-sea shipping
Dutch company Econowind, based in Zeewolde, has secured €1 million in development capital from Invest International to advance and test its VentoFoil XL, a 24-30 meter high steel wind sail inspired by aviation technology. Similar to airplane wings, …
Feb 18, 2025 / Finance
Port Halifax Awarded $22.5 Million from Transport Canada
The Halifax Port Authority was awarded funding up to $22.5 million from Transport Canada through the Green Shipping Corridor Program to prepare the port for the fuels and energy sources of the future. Major funded project activities include: …
Feb 7, 2025 / Finance
Odfjell SE exercises purchase options for super-segregator vessels and secures attractive financing
Odfjell has now exercised purchase options for an additional four vessels currently on long-term lease to the company. With these agreements, Odfjell is set to purchase a total of seven chemical tankers over the next 14 months. All vessels are fully …
Dec 11, 2024 / Finance
Höegh Autoliners secures significant Enova funding for two ammonia-powered vessels
Shipping company Höegh Autoliners ASA is making significant progress in its ambition to make the Aurora Class the world's first PCTC vessel to run on ammonia. Today, they have been granted almost USD 14 million (NOK 146 million) in Enova funding to …
Mar 6, 2024 / Finance
The UK Government has awarded funding to a consortium led by Morek Engineering to design a new class of low-carbon installation vessel for the floating offshore wind market
The UK Government has awarded funding to a consortium led by Morek Engineering to design a new class of low-carbon installation vessel for the floating offshore wind market. The consortium has won the funding through the UK Government’s Clean …
Jan 29, 2024 / Finance
Avance Gas Holding Ltd: Avance Gas agrees to sell two newbuildings for $240Mln at a $73Mln estimated profit
Avance Gas Holding Ltd (Avance Gas) (OSE: AGAS) announced on Friday (Dec08) that it has agreed to sell its two remaining 91,000 cbm dual fuel newbuildings scheduled for delivery next year. The buyer has agreed to pay $240 million en bloc for the two …
Dec 8, 2023 / Finance
Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels
Eneti Inc. (NYSE: NETI) (Eneti) has announced that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies …
Dec 4, 2023 / Finance
Significant Grants From TxDOT Strengthens Port Houston Infrastructure Development
Port Commission Chairman Ric Campo announced during the October 24th meeting of the Port Commission of the Port of Houston Authority that Port Houston received nearly $36 million from the Texas Department of Transportation, almost 20% of the $200 …
Nov 13, 2023 / Finance
DIF Capital Partners and EDF Invest to acquire leading Norwegian electric ferry operator Fjord1 from Vision Ridge Partners and Havila Holding
DIF Capital Partners (via its DIF Infrastructure VII fund), and EDF Invest (the investment arm of the EDF Group in real assets) have entered into a definitive agreement to acquire Fjord1, the largest owner and operator of ferries in Norway. The …
Oct 31, 2023 / Finance