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Natwest News

15 Sep 2021

Vineyard Wind Secures $2.3 Bln Loan, Allowing Construction to Start

© Fokke / Adobe Stock

Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts later this year, its owners said on Wednesday.The senior debt financing allows the project, a joint venture between Avangrid and Copenhagen Infrastructure Partners, to mobilize its contractors and suppliers to begin work, the companies said.The U.S. government approved Vineyard Wind in May, billing it as the inauguration of a new domestic industry that will help eliminate emissions from the power sector…

05 Aug 2019

Trade Fears Drag Stocks, Yuan at 10-Year Low

Adobestock / © rawf8

NEW YORK, Aug 5 (Reuters) - Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies.China on Monday let the yuan tumble beyond the 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness after U.S. President Donald Trump vowed last week to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept.

22 May 2019

TenneT Issues EUR1.25bln Green Bond

Netherlands-based transmission system operator TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind.The Green Bond issue is split in two tranches of EUR 500 million and EUR 750 million with the support of five banks: ABN AMRO, Barclays, HSBC, NatWest Markets and SMBC Nikko."Proceeds will be used to invest in green projects in the Netherlands and Germany to connect large scale of offshore wind to the onshore electricity grid," said a press release.Over the next ten years TenneT expects to invest EUR 35 billion in offshore and onshore grid connections across the Netherlands and Germany, driving the energy transition.Approx.

01 Feb 2017

Finalists of Mersey Maritime Industry Awards Announced

The finalists of the 2017 Mersey Maritime Industry Awards (MMIAs) have been announced. The winners will be revealed at a prestigious black tie dinner that will have a Ministerial presence and promises to bring together the best of the maritime industry right across the Maritime, Logistics and Energy spectrum in the region. The MMIAs are organised by sector representative body Mersey Maritime and the Awards recognise the excellence and diversity that exists across all sectors of the maritime industry in the North West. Chris Shirling-Rooke, Chief Executive, Mersey Maritime, said: “The number and quality of entries for the 2017 MMIAs has risen for the third consecutive year, which will make for an exciting awards evening when the winners are announced on 9th March.

09 Dec 2015

Mersey Maritime Expands Awards Eligibility

In response to popular demand, Mersey Maritime has expanded the eligibility of its annual awards to include maritime companies and related organisations right across the Maritime, Logistics and Energy spectrum in the whole of the North West and the Isle of Man. Chris Shirling-Rooke, CEO of Mersey Maritime, said: “Last year’s inaugural event was so popular that we have been inundated with businesses wanting to get involved. Taking the time to enter one or more of our 10 award categories certainly pays off, as two non-finalists last year won lucrative contracts on the strength of their entries. “The judging panel is made up of leading industry figures from our main sponsors and all entries are evaluated, with the various merits of each debated by these eminent people.

05 Dec 2001

Bradley Appointed as New Director For TT Club e-Commerce Initiatives

forwarders worldwide, has appointed Louise Bradley to the new position of director of e-commerce strategy. Based in London, the appointment highlights the growing importance of the TT Club's suite of Internet services, which include ClaimsTrac, eClaims and TTXpress.com. Bradley, a graduate in law from Queen's University, Belfast, will be responsible for leading the development and implementation of the club's e-commerce presence. strategic alliances, she will be responsible for the management, development and delivery of existing services. "Louise brings a rich and varied experience to this important new role," said Paul Neagle, TT Club's CEO.

20 Nov 2000

Banking Sector Feels The Effects Of Consolidation

The number of major banks involved in the shipping industry has decreased substantially over the last few years. According to Michael Parker, managing director of Citibank, this is just one of many sectors hit by the ongoing consolidation trend in the shipping arena. "Banks can not live on interest margin alone without a substantial rise in spreads. They are having to look for other revenues/fees," said Parker, speaking at the LSE Shipping Finance Conference in London on November 14-15, 2000. Mergers in the banking sector such as Chase and JP Morgan, and Royal Bank of Scotland and NatWest, are illustrative of the fever of consolidation that has also spread into the bulk, P&I, classification, ports and e-commerce sectors.

12 Nov 1999

Rolls-Royce Proposes $933 Million Offer for Vickers

In yet another case of giant-eating-giant consolidation, Rolls-Royce Plc has made a surprise $933 million agreed cash offer for Vickers Plc, in a move aimed at making Rolls-Royce the global leader in marine power systems. The acquisition would place a significant portion of marine propulsion products - including the Ulstein, Aquamaster, Kamewa, Rauma, Brown Brothers and Mitchell Bearings brands - in one company's control, affecting operators of all vessel types, from VLCCs to tugboats. Ironically, the move comes just as Vickers put the finishing touches on its own revived industrial empire, by acquiring several marine propulsion equipment suppliers in order to dominate a once fragmented piece of the international maritime market.

24 Sep 1999

Rolls-Royce Launches $933 M Offer For Vickers

Just as soon as Vickers Plc put the finishing touches on its revived industrial empire - acquiring a myriad of marine propulsion equipment suppliers in order to dominate a once fragmented piece of the international maritime market - wheels have been set in motion to acquire the goliath itself. Last week Rolls-Royce Plc launched a surprise $933 million (576 million pound) agreed cash offer for Vickers Plc in a move aimed at making it the global leader in marine power systems. But the deal, pitched at a 53 percent premium over Vickers share price last Friday, prompted concern from some analysts who felt Rolls-Royce may be paying too much merely to bolster its marine propulsion business. "This was a big surprise.