Credit
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Port News
Pelagic Credit lists in Oslo after $75m capital raise
Cypriot shipowner and shipping fund manager Pelagic Partners has announced the successful listing and the first day of trading of…
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Port News
Pelagic Credit raises $58m ahead of Oslo debut
Pelagic Credit has raised NOK558m ($58m) in a private placement, clearing the way for its planned listing in Oslo. The…
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Port News
Pelagic Partners’ new credit fund makes debut with MPP trio
Cyprus-based shipowner and fund manager Pelagic Partners has completed the acquisition of three multipurpose vessels in its first deal under…
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Marine World
Orsted ‘Surprise’ Credit Downgrade Caps Worst Week on Record
Orsted A/S’s debt was downgraded by S&P Global Ratings to the lowest tier of investment grade, surprising some analysts days…
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Maritime News
WFW Advises Lenders on US$350m Revolving Credit Facility for Ardmore
Watson Farley & Williams (“WFW”) advised a consortium of lenders comprising Nordea Bank Abp, filial i Norge (“Nordea”), acting as…
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Marine World
Genco Shipping Secures $600 Million Credit Facility to Fuel Growth
Genco Shipping & Trading Limited (NYSE:GNK), the largest U.S.-headquartered drybulk shipowner, has closed a $600 million revolving credit facility that…
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Port News
Genco targets fleet and growth moves with new $600m credit line
US-based dry bulk owner Genco Shipping & Trading has completed an amended and upsized revolving credit facility, boosting its borrowing…
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Port News
Hafnia seals $715m credit line backed by 32 ships
Product tanker giant Hafnia has secured a $715m revolving credit line, secured by a fleet of 32 modern vessels and…
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Maritime News
U.S. Coast Guard to Extend Credit for ATB Service
As there is currently a shortage of mariners, the U.S. Coast Guard has considered the barrier to mariner career progression…
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Marine World
ILA Union Gives Trump ‘Full Credit’ for Helping Secure Labor Contract with Port Employers
The International Longshoremen’s Association (ILA) is crediting President-elect Donald Trump with helping to secure a landmark six-year master contract agreement…
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