Nepline to Buy Tankers

Thursday, November 16, 2006
Nepline is purchasing four aframax tankers, reports said. The company is looking to purchase two new as well as two second-hand aframax tankers. Plans to buy the tankers will likely be announced by year-end, the source said, adding that Nepline will finance the purchase by issuing up to RM170 million Islamic bonds. In August, Nepline informed Bursa Malaysia that the Securities Commission had approved the proposed issuance of Sukuk papers by Nepline SPV Sdn Bhd, a wholly-owned subsidiary of the company. The papers carry a tenure of between one and 10 years, Nepline said in the statement to Bursa Malaysia. source: Business Times
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Finland Grants Support to Three Small LNG Terminals

The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

Oil Edges Below $99 but Supply Risks in Focus

Oil traded slightly lower below $99 a barrel on Thursday, pressured by ample supply and concern over the weakening of demand growth in major consumer nations, as well as a rise in the U.

 
 
Maritime Security Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0786 sec (13 req/sec)