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Dynagas LNG Secures $675Mln Loan

Pic: Dynagas LNG Partners LP

Dynagas LNG Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers, announced it has secured a $675 million syndicated loan from leading international banks.The credit facility will be secured by mortgages on the partnership’s entire fleet of six LNG carriers, the Monaco-headquartered company said.

US Fines HHI $47Mln Over Dirty Engines

Pic: Hyundai Heavy Industries

US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) will pay a US$47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules.US Justice Department and and the U.S. Environmental Protection Agency (EPA) said that between 2012 and 2015,

Global Ship Lease Bags Refinancing Deal

Pic: Global Ship Lease

Global Ship Lease (GSL), UK-based holding company and containership charter owner, has now settled a five-year refinancing of its debt.According to the container ship owner, the new syndicated $268m credit facility is signed with a number of commercial lenders including Credit Agricole Corporate and Investment Bank,

Iridium Certus Now Available as Companion to KVH VSAT Systems

Logo: KVH

KVH Industries, Inc., (Nasdaq: KVHI), has announced that the Iridium Certus service is now available from KVH as a companion for KVH’s TracPhone mini-VSAT Broadband systems. Iridium Certus is a next-generation L-band solution providing pole-to-pole global coverage and featuring small-form-factor, cost-effective antenna terminals.

BIO-UV Acquires Triogen Holdings

BIO-UV Group, the manufacturer of the BIO-SEA ballast water treatment system, has acquired a 100% stake in Scotland-based Triogen Holdings and its subsidiary Suez Purification and Disinfection Systems from Suez Water Technologies & Solutions.Triogen supplies water treatment solutions based on ozone,

Port of Cape Town Orders Workboat Pair

Photo: TNPA

Transnet National Ports Authority (TNPA) will secure two new workboats by 2022 to boost marine operations at the Port of Cape Town and ensure it is recognized internationally for excellence.The more powerful workboats are expected to improve the port’s ability to maintain marine operations during challenging weather conditions.

Turkey/Norway Diesel-Electric-Battery Ferry

Photo: Cummins

With a rugged coastline and many fjords to cross, Norway has become a world leader in progressive ferry design. Turkey, with a skilled work force and broad marine experience has become a leader in ferry construction. Put the two together and you have the teamwork that results in the Basto series of RO-RO ferries.

Vitol, ENH Form LNG Trading JV

Image: Vitol

Commodity trading company Vitol and the Mozambican state-owned oil and gas company ENH have formed ENH Energy Trading, a partnership focused on trading oil products.The Dutch energy and commodity trading company said in a press note that ENH Energy Trading will initially be owned 51% by ENH and 49% by Vitol.

Port Nelson Reports Continued Steady Growth

Image: Port Nelson

New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's delivering an operating profit of $30.5 million for the 2018/2019 financial year.This is an increase of $3.4 million compared to the $27.1 million reported in 2018.  Net Profit After Tax, including a $2.

Siemens Gamesa Ups 'Green' Credit to $1.4Bln

Pic: Siemens Gamesa

Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has increased the amount of guarantees that qualify as "green" to €1.25 billion ($1.4Bln) as they contribute to the United Nations Sustainable Development Goals (SDG).The deal, arranged with BNP Paribas, adds €350 million

Fincantieri: New Design for MSC Seashore

Photo: Fincantieri

A traditional maritime coin ceremony  took place at the Fincantieri shipyard in Monfalcone, Italy, when the keel was laid for MSC Seashore.  At the milestone event, MSC Cruises revealed details of the significantly transformed overall design and new features of the ship.MSC Seashore will be

South Korea to Slash Passenger Vessel Emissions with ABB

Port of Incheon. Image credit Incheon Port Authority

ABB will install Port of Incheon’s first shore-to-ship power solution, enabling passenger vessels to cut emissions, noise and vibrations at berthABB has secured the contract covering South Korea’s commitment to sustainable shore-to-ship power, after a pilot scheme for passenger ships to plug into the

MacGregor Secures $22 mln in Contracts

MacGregor, part of Cargotec, has secured orders to provide MacGregor products to a Naval project in Europe and TTS products to a RoRo project in Asia. The total order value is more than $22 million and the contracts include ramps, car deck and lifting platform equipment. The orders were booked into Cargotec's third quarter 2019 order intake,

Frontline Says No to Tankers Options from Trafigura

Image: Trafigura

The world's largest oil tanker shipping company Frontline Ltd has declined options to buy four more tankers from Trafigura Marine Logistics (TML) and said that it will keep to buying only 10 tankers.Last month, the Bermuda based company announced an agreement with TML  to acquire ten Suezmax tankers,

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