Royal Bank Of Canada News

Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine, and other strains cause even longer delays at ports and drive up costs.The study by analysts at Royal Bank of Canada (RBC) found that one-fifth of the global container ship fleet was currently stuck in congestion at various major ports.In China, ships awaiting berth at the Port of Shanghai now tally 344, a 34% increase over the past month…

The Aoka Mizu floating production, storage and offloading (FPSO) vessel ordered by Hurricane Energy has left Dubai following a series of upgrades, the company said, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain.Hurricane specializes in recovering oil from fractures in hard and brittle rock known as fractured basement reservoirs, which some see as a risky way to obtain crude.It expects first oil from its Greater Lancaster Area (GLA) project, west of Scotland's Shetland Islands, in the first half of 2019.

The Ports America Companies successfully refinanced the debt facilities of both Ports America, Inc. (PAI) and MTC Holdings, Inc. (MTC) into a single, unified capital structure. The refinancing consisted of a new five-year, $475-million senior secured credit facility, including $170 million of revolving credit and letter of credit facilities, and a new seven-year, $375-million Holdco financing. The senior facility was provided by a group of new and existing lenders and led by Royal Bank of Canada. The Holdco facility was provided by CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), a global institutional investor with more than $190 billion of assets under management and a leading infrastructure and credit investor.

One of the largest privately held stevedore firms in the U.S. Gulf Coast region, announce the appointment of Kevin Bourbonnais as Chief Executive Officer. An experienced senior executive, Bourbonnais was most recently Chief Operating Officer of USA Compression Partners, a market-leading provider of contract compression services to the oil and gas industry. Prior to joining USA Compression Partners, he held various other senior management positions at Exterran, Universal Compression and the Royal Bank of Canada. “I look forward to having the opportunity to guide Gulf Stream through its next phase of growth and building upon the company’s culture of customer service, safety,” said Bourbonnais. About Gulf Stream Marine, Inc.

Ultrapetrol (Bahamas) Limited, an industrial transportation company serving marine transportation needs in three markets (river business, offshore supply business and ocean business), announced  the appointment of Ms. Cecilia Yad as the Company's Chief Financial Officer, succeeding Leonard J. Hoskinson. Mr. Hoskinson will remain with the Company as Vice President, International Finance. Ms. Yad is a Certified Public Accountant with more than 25 years of finance experience working with diverse multinational companies. Most recently, she was the CFO for Iberia-Latin America of ISS, a Danish-based services company. Prior to ISS, she held planning, accounting and finance executive positions with Clorox, a U.S. consumer goods company where she worked for 10 years.

Martin Midstream Partners L.P. petroleum products. Tesoro's lube oil inventories. lubricant distribution and marketing business. Bank of Canada from $60 million to $80 million. announced acquisition of a terminal and three vessels. for Tesoro's diesel fuel inventories. of MMLP's general partner. MMLP. services to Midstream Fuel Service. was provided through an expansion of MRMC's existing credit facility. acquisition since our initial public offering last year.