CQS to Increase Investments in Offshore Rigs

Thursday, October 04, 2007
London-based hedge fund firm CQS Management says it plans to double the size of its investment company that specializes in offshore oil and gas rigs. According to a report by the Financial Times, CQS Rig Finance is hoping to raise an additional $ 101.7m, doubling the amount it has in assets under management. It plans to use the money to invest in debt financing for the construction and refurbishment of rigs and other infrastructure connected with the offshore industry. Former Credit Suisse analyst Mark Conway manages CQS Rig Finance, which launched in December. It has managed to be in the black since then, while some credit funds have suffered heavy losses over the past year due to the recent meltdown. Most of the debt purchased by CQS Rig Finance is issued by Norwegian companies, which dominate the rig-building industry. That debt is rarely graded by credit-rating agencies. [Source: http://www.hedgefund.net]
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Vigor’s Tacoma Yard Delivers Breasting Barges to Foss

Vigor Industrial expands its newbuild capacity in Washington; Tacoma yard delivers three breasting barges   Fabrication teams at Vigor Industrial’s Tacoma, Wash.

Hands Across the Water

U.S. firms leverage Netherlands-based Damen Shipyard’s vessel designs and technical support. For nearly 40 years, Damen Shipyards Group in the Netherlands has

Icebreakers Ordered for Neft’s Novy Port Project

Aker Arctic’s icebreaker design selected for Gazprom Neft’s Novy Port project   Aker Arctic and Vyborg Shipyard have confirmed a contract for the design of two

Offshore

New CEO for Evergas

Evergas has appointed Steffen Jacobsen as CEO of the company as of 8 May 2015 Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk.

Italian Navy Takes Back Fishing Boat Seized Near Libya

The Italian navy took back control on Friday of a Sicilian fishing boat that had been seized overnight by unknown assailants near the Libyan coast, the defence ministry said.

Steelhead Introduces a New Yacht Crane

Steelhead Marine, a North American crane manufacturer, has expanded its product offering with the launch of the new E Series 1000 crane. Suited for commercial and recreational vessels,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1364 sec (7 req/sec)