Partially Sunken Tug Leaking Oil in St. Croix
An abandoned, partially sunken tugboat is actively discharging oil within Krause Lagoon in St. Croix, U.S. Virgin Islands, the U.S. Coast Guard said Tuesday.The amount of oil discharged from the tug Cape Lookout remains unknown, while the maximum potential discharge based on the size of the vessel fuel and lube oil tanks is approximately 48,000 gallons of fuel and 2,000 gallons of lube oil, the Coast Guard said, adding it is unknown how full both tanks are at this time.“Due to the immediate pollution threat this vessel represents to the environment and surrounding area…
Topaz Energy and Marine Secures $550m Facility
Topaz Energy and Marine, an offshore support vessel company, announced a new $550 million facility. The facility is arranged over three tranches. The first is a conventional and Islamic senior secured, term loan of $350 million over seven years which will be used principally to repay existing senior debt. The second is a senior secured, conventional and Islamic Revolving Credit Facility of $100 million over five years and the third tranche is a senior unsecured conventional and Islamic term loan of $100 million, both of which will be used to fund growth capex. The new facility significantly lowers Topaz’s finance costs. The facility will also extend the maturity of Topaz’s debt profile over the next seven years from its previous profile of four years.
Enivrude Signs With KingFisher
BRP has signed an agreement to provide Renaissance Marine Groups’ KingFisher Boats with Evinrude outboard engines. The welded heavy-gauge aluminum boats, manufactured in a state-of-the art facility in Vernon, British Columbia, are known for their custom-built quality. “This partnership is exciting for BRP. Showcasing our Evinrude E-TEC technology and innovations alongside a leader in heavy gauge aluminum boats allows us to continue expanding our presence in the industry, and reinforces our commitment to providing a superior consumer experience across multiple segments and markets,” said Alain Villemure, vice president and general manager of BRP’s Marine Propulsion Systems division.
