Teekay Offshore Partners has clinched a $414m long term debt facility to finance its four LNG-fuelled suezmax DP2 shuttle tanker newbuildings.
Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance.
Beleaguered ASL Marine has updated shareholders that its bank creditors have continued to lend their support despite the breach of one covenant, and sought to allay an insolvency concern raised in an auditor’s report.
China Merchants Energy Shipping (CMES) has stepped up to be the guarantor for close to $1bn in borrowings from the Export-Import Bank of China (China EximBank) for 10 VLOCs and five VLCCs on order.
Cosco Shipping Energy Transportation (CSET) has secured a $543.9m loan from the Export-Import Bank of China (China EximBank) to fund the construction of 10 newbuild tanker vessels.
Pacific Radiance has been granted SGD85m ($61.5m) in loans under two Singapore government-backed financing schemes that aim to help offshore and marine companies gain access to working capital amid the prolonged industry downturn.
Atlantic Navigation Holdings (Singapore) Limited has reached agreements with its principal banker to revise the repayment and to extend the tenure of term loans and revolving credit facilities of $46m.
Daewoo Shipbuilding & Marine Engineering (DSME) has narrowly averted bankruptcy after bondholders and creditors agreed to a bailout scheme following a series of meetings positively concluded over the past two days.