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   Shipping

DryShips begins public offering
Athens-based drycargo specialist DryShips announced on 17 November that it has commenced a public offering of USD300 million of convertible senior notes. The offering ...
18-Nov-2009

ISH to tap the finance market
New York Stock Exchange-listed International Shipholding Corporation (ISH) has announced an agreement to purchase three 36,000 dwt handysize double-hull drybulk carrier newbuildings, with an ...
16-Nov-2009

Shipping Dealwatch Table
Shipping Dealwatch Table
12-Nov-2009

Tanker values are tanking
A transaction in early October saw Nordic American Tankers acquire a 2002-built suez¡max crude oil tanker, later identified as a vessel from the Tsakos ...
12-Nov-2009

Joint bid lodged for Santos project
A consortium comprising Cargill and Louis Dreyfus Commodities has made a bid for the tender of a terminal at the Brazilian port of Santos. ...
11-Nov-2009

Montevideo bypasses tender
Uruguay's national port authority ANP will not hold a tender process to concession a new container terminal in Montevideo port. Instead, ANP plans to ...
11-Nov-2009

Global Yatirim seeks more time
Turkish investment firm Global Yatirim Holding has asked the country's privatisation agency OIB to give it more time before it takes over the operation ...
11-Nov-2009

Guaymas to launch tender
A tender for a concession to build, equip and operate a container terminal in Guaymas port in Mexico's Sonora state is likely to be ...
11-Nov-2009

Santa Marta seeks loan
Colombia's Santa Marta International Terminal Co (Smitco) is requesting a USD15.8 million loan from the International Finance Corporation (IFC). Loan proceeds would be used ...
11-Nov-2009

Tianjin deal gets the thumbs-up
The Chinese commerce ministry has approved a plan by Tianjin Port Development to acquire a 56.8 per cent stake in Shanghai-listed Tianjin Port Holdings. ...
11-Nov-2009

HMM issues two-year bond
On 5 November Hyundai Merchant Marine (HMM) issued a KRW200 billion (USD169.3 million), 6.7 per cent two-year bond, due on 5 November 2011. Korea ...
11-Nov-2009

Koreans to up fund size
South Korea, the world's biggest shipbuilding nation, may increase the size of a KRW1 trillion (USD861 million) vessel-buying fund to help local yards and ...
11-Nov-2009

GES sounds out banks
India's Great Eastern Shipping (GES) is in talks with potential lenders for a INR2 billion (USD43 million), 10-year bond with a 9.6 per cent ...
11-Nov-2009

KoGas invites bank participation
At least 10 banks have received invitations from Korea Development Bank (KDB) to participate in the Korea Gas Corporation (KoGas) USD631 million, senior tranche ...
10-Nov-2009

Malaysian port set to tap funds
Malaysia's Pelabuhan Tanjung Pelepas, the port operator located in the southern state of Johor, is expected to tap a government guarantee to sell up ...
10-Nov-2009

Navios closes a private placement
Drybulk specialist Navios Maritime Holdings announced on 2 November that it and Navios Maritime Finance (US) Inc, its wholly owned finance subsidiary, together with ...
04-Nov-2009

Zim restructure lands approval
Zim Integrated Shipping Services will receive a capital injection of USD450 million from its parent company following a vote by Israel Corporation shareholders on ...
04-Nov-2009

Costa Rica launches tender
The government of Costa Rica has launched a tender to design, build and operate a new container terminal at the Limón-Moín port complex in ...
04-Nov-2009

Shipping Dealwatch
Shipping Dealwatch Shipping Dealwatch Shipping Dealwatch ...
29-Oct-2009

*Shipping companies still dodging the financial bullet
Echoing a recent report published by credit rating agency Standard & Poor's (S&P), speakers at the Marine Finance Forum in New York - representing ...
29-Oct-2009

NCL to raise cash
Norwegian Cruise Line (NCL) announced on 26 October that it is proposing to issue USD450 million of senior secured notes due 2016 in a ...
28-Oct-2009

Maersk launches inaugural bond
Danish shipping giant AP Moller-Maersk on 23 October placed a EUR750 million (USD1.1 billion) five-year bond that carries a 4.875 per cent coupon. The ...
28-Oct-2009

PPP deals in India expected
India's Ministry of Shipping has awarded seven port projects to be developed on a public-private partnership (PPP) basis. This latest development is expected to ...
28-Oct-2009

STX taking equity stake
A consortium comprising Indonesian oil company Pertamina, National Iranian Oil Refining Industries Development Co and Malaysia's Petronas plans to raise USD2.8 billion to develop ...
28-Oct-2009

Navios prices mortgage notes
Drybulk specialist Navios Maritime Holdings Inc, Navios Maritime Finance (US) Inc (the company's wholly owned finance subsidiary) and Navios Holdings announced on 22 October ...
28-Oct-2009

KDB fund closes deal
State-owned Korea Development Bank (KDB) has finalised its first ship finance rescue after stepping in to provide USD67 million for a Korea Line capesize ...
28-Oct-2009

dHNA to launch leasing group
China-based HNA Group, parent of Grand China Logistics, plans to establish a ship leasing company in Shanghai and a shipping trust in an attempt ...
28-Oct-2009

KoGas refinancing in market
Korea Gas Corporation (KoGas) is in the market for a USD630 million refinancing for its sponsored liquefied natural gas (LNG) ships. KoGas has mandated ...
27-Oct-2009

RCL closes bond deal
Thai box operator Regional Container Lines (RCL) has placed THB2.5 billion (USD74 million) of three-year bonds with investors. Some THB500 million went to institutional ...
27-Oct-2009

Korean banks talk to HMM
South Korea's Hyundai Merchant Marine (HMM) has been in talks with key Korean lenders as it ponders increasing its fleet as part of a ...
26-Oct-2009

Navios plans private placement
Drybulk specialist Navios Maritime Holdings Inc, Navios Maritime Finance (US) Inc (the company's wholly owned finance subsidiary) and Navios Holdings intend to offer through ...
19-Oct-2009

Trai Thien to issue shares
Ho Chi Minh City-based Trai Thien Group plans to invest USD470 million to buy 16 ships being built by Vietnam Shipbuilding Industry Corporation (Vinashin). ...
19-Oct-2009

Shipping dealwatch table
Shipping dealwatch table
15-Oct-2009

A decade in the public eye
It was a signature event of a signature era. On 10 November 1999, with great fanfare - and an abundance of brown bunting on ...
15-Oct-2009

*Few bankers see smooth sailing for shipping sector
Confidence has returned to the broader banks market. Recovering equity markets have enabled banks to raise money; leading shipping bank DnB Nor Bank was ...
15-Oct-2009



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