Private Placement

Stolt Offshore New Shares Begin Trading in Oslo

Stolt Offshore S.A. announced that 62.5 million Common Shares that previously have been issued will begin trading on March 12, 2004 on the Oslo Bors. These represent the 45.5 million Common Shares issued in the recent private placement and the 17.0 million Common Shares issued in connection with the conversion of Class B Shares held by Stolt-Nielsen Transportation Group Ltd, a subsidiary of Stolt Nielsen S.A. The 45.5 million Common Shares issued in the private placement are subject to certain transfer restrictions and are therefore registered on a separate ISIN. These shares will trade on a separate ticker code, STON, until March 24, 2004 from which time all Common Shares will trade on the STO ticker code.


Dryships Announces Pricing Of Private Offering by Ocean Rig

dry-ships-inc.bmp

ATHENS, GREECE – April 13, 2011 - DryShips Inc. (NASDAQ: DRYS) (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today the pricing of $500 million aggregate principal amount of 9.5% Senior Unsecured Bonds Due 2016 (the “Bonds”) offered by its majority-owned subsidiary Ocean Rig UDW Inc


Attica Gets OK For Shares Issue

Greek ferry operator Attica Enterprises received shareholder approval last Thursday for a one-for-10 bonus share issue and a one-for-10 rights issue at 3,200 drachmas a share. The company will raise a total of $219 million from the rights issue and a private placement of 13.35 million shares with new investors and staff. Proceeds will be used to finance the investment program of the company and its subsidiaries.


CP Ships Completes Acquisition

CP Ships Limited completed its acquisition of all issued and outstanding shares in Italia di Navigazione from d'Amico Societa di Navigazione S.p.A. for $40 million in cash. The acquisition was announced on May 30, 2002. As previously announced, the purchase is being paid for with proceeds from CP Ships' offering in July 2002 of 9.6 million common shares and private placement of $200 million of senior unsecured notes.


Dryships Private Offering of Shares, Ocean Rig UDW

DryShips Inc. (NASDAQ: DRYS) announced that its wholly-owned subsidiary Ocean Rig UDW Inc., intends to offer through a private placement, subject to market and other conditions, approximately $500m worth of shares of Ocean Rig’s common stock. The offering will be made to Norwegian professional investors and eligible counterparties as defined in the Norwegian Securities Trading Regulation 10-2 to 10-4, to non-United States persons in reliance on Regulation S under the Securities Act of


CSSC Plans $0.6B Private Placement

China CSSC Holdings (600150) plans to raise up to four billion yuan from a private placement of 60 million shares at not less than $0.6b per share, reports Shanghai Securities News, citing a company filing. The target shares will be offered to up to 10 investors, including China State Shipbuilding Corporation (CSSC), CSSC Holdings’ parent, Baosteel Group and China Shipping Group.   (Source: CapitalVue)


Hornbeck Offshore CEO to Ring NYSE Closing Bell

Hornbeck Offshore Services, Inc. Chairman, President and CEO Todd M. Hornbeck, will ring The Closing Bell at the New York Stock Exchange on Friday, September 30, 2005 at 4:00 p.m. Eastern time. This event marks the pricing of the company's recent public stock offering and private placement of 6.125% senior notes that will raise approximately $290 million in aggregate gross proceeds for the Company. These combined proceeds will fund, in part


S&P Puts Royal Caribbean-Related Deals on CreditWatch Positive

Standard & Poor's placed its double-'B'-plus ratings on class A-1 of two synthetic transactions linked to Royal Caribbean Cruises Ltd. on CreditWatch with positive implications. The CreditWatch placements are a result the Nov. 20, 2001 announcement that Royal Caribbean Cruises Ltd. has agreed upon a merger of equals with P&O Princess Cruises PLC. The CreditWatch placement reflects the possibility that Royal Caribbean Cruises Ltd


Oceanaut Seeks Approval to Dissolve

Excel Maritime Carriers Ltd announced on Feb. 18 that the board of directors of Oceanaut, Inc. (AMEX: OKN; OKN.U; OKN.WS) has determined that Oceanaut will not consummate a business combination by the March 6, 2009 deadline provided for in its charter, and that it is advisable that Oceanaut be dissolved. Oceanaut intends to begin promptly the process of dissolution and liquidating its trust account in accordance with its charter and applicable Marshall Islands law


Hornbeck Offshore Exchange Offer

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced the commencement, on Monday, January 25, 2010, of its offer to exchange any and all of the $250m aggregate principal amount of its outstanding 8% Series A Senior Notes due 2017 (CUSIPs 440543 AF 3 and U44070 AC 1), which were issued in a private placement and sold in accordance with Rule 144A or Regulation S under the Securities Act of 1933, for an equal aggregate principal amount of its 8% Series B Senior Notes due 2017 (CUSIP 440543 AH 9)


WCI Executives Endorse Senate Waterway Bills

WCI President/CEO Michael J. Toohey

Waterways Council, Inc.’s (WCI) Executive Committee has endorsed two Senate waterways bills introduced by Senator Dick Durbin (D-IL): “Mississippi River Navigation Sustainment Act” (S. 565) and “Water Infrastructure Now Public-Private Partnership Act” (WIN P3) (S


Maritime Piracy: Armed Security a "Game Changer"

Following closely upon Congressional testimony about international maritime piracy offered by a U.S. State Department official, who called the use privately contracted armed security teams a "game changer in the effort to combat" the international menace, AdvanFort President William H


Nordic Conglomerate Posts 2012 Loss, Renegotiates Loan Terms

Scana lndustrier ASA, supplier of products & system solutions to energy-related businesses, including the offshore sector has released its 2012 financial report. Scana lndustrier ASA has companies in Norway, Sweden, China, U.S., Poland, Singapore


Former Congress Lawyer to Serve as AdvanFort Legal Counsel

AdvanFort Company said attorney Sheila R. Schreiber has come onboard as its in-house legal counsel. Schreiber brings experience in the private and public sectors. She is a former litigation partner with Howrey LLP, served as counsel to the U.S


Yacht Crew Agency Launched by NGY

Neptune Group Yachting (NGY), a luxury yacht charter agency, launches Neptune Crew Placement Division. Julia Haines-LaPenta has been named Director of Crew Placement for Neptune Crew. The agency is accepting applications from all professional yacht crew


Mitsubishi Heavy Industries Revamp Singapore Businesses

MHI to launch new Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) in Singapore, integrating three local afiliated companies. Effective October 1st 2012 Mitsubishi Heavy Industries, Ltd. (MHI) will launch a new company


Counter-piracy: BIMCO's GUARDCON Contract INTERTANKO Endorsed

INTERTANKO’s Documentary Committee endorses BIMCO's newly published standard contract for Private Armed Guards (GUARDCON). GUARDCON has now been in use for some months. During this time the Documentary Committee has reviewed the GUARDCON wording and


'Oil Spills in Arctic Waters' Published by US ARC

The US Arctic Research Council (ARC) in association with others, reports on research & mitigation measures for oil spills in the Arctic marine area. This “white paper” is a compilation of research on oil spills in ice-covered Arctic waters and recommendations for future work


ClassNK Announces PrimeManagement Seminars

Noboru Ueda

ClassNK (Chairman and President: Noboru Ueda) has announced that it will be bringing its highly regarded PrimeManagement series of seminars to Turkey and Greece for the first time on November 28 and 29th respectively.   The seminars, which are offered free of charge


China Rongsheng Chairman Quits

Chairman of China's largest private shipbuilder, Zhang Zhirong, steps down from China Rongsheng Heavy Industries Group. Determined to put scandal behind it, China’s largest private shipbuilder, China Rongsheng Heavy Industries Group, has said its chairman has stepped down


Paragon Shipping Raises Working Capital

Paragon Shipping Inc. raises US$ 10-million working capital in sale of newly-issued shares to an entity affiliated to its own chairman. The Paragon Board agreed to sell 4,901,961 newly-issued shares of the Company's common stock to an entity affiliated with Mr


GE to Provide MTU with LM2500 Gas Turbine

An artist rendering of the F125 frigate

GE Marine reports that it will provide MTU Friedrichshafen, Friedrichshafen, Germany, with one LM2500 gas turbine for the German Navy’s fourth Baden-Württemberg-class (F125) frigate. For each new F125 frigate, MTU will provide the German Navy with one LM2500 gas turbine


Gulfland's Five Years of Offshore Housing Experience

Delivery of Accommodation Unit: Photo credit Gulfland Structures

US-based Gulfland Structures is celebrating their fifth year of manufacturing safe and comfortable housing for offshore gas and oil rigs. Keeping workers safe and comfortable contributes greatly to productivity and overall happiness with the working environment


Miami to Host Port & Intermodal Finance & Investment Conference

Port authorities, terminal Operators, shipping Lines, intermodal companies & the financial community to attend upcoming Infocast conference. Conference organizer, Infocast, brings its Port & Intermodal Finance & Investment Summit to Miami, FL on April 16-18, 2013


Offshore Rig Accommodation: Floatel Share Offering

Floatel International Ltd is contemplating issuance of approximately USD 150 million new shares on the Oslo stock market. The company says its share placement will further strengthen their position as a leading provider of high-specification


 
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