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New LNG Carrier Delivered to Sovcomflot
Russian shipping company PAO Sovcomflot (SCF Group) on Friday took delivery of SCF Timmerman, a new 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier. The ship embarked on its maiden commercial voyage the same day, and is operated under a long-term time charter agreement with Shell, which will provide SCF with an additional $165 million of contract backlog.The ship is named after Frans Timmerman…
EIB, ING Earmark USD 370.3 mln for Green Shipping
The European Investment Bank (EIB) and Dutch multinational banking and financial services corporation ING signed an agreement to support green investments for the…
WFW Advises ING Bank on $340m Loan Facility for Euronav
Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV. The facility is comprised of a $192m term loan facility and a revolving credit facility of up to $148m. Euronav plans to use the funds to refinance four Suezmax tanker vessels, finance the acquisition of four very large crude carrier tankers from Maersk and for general corporate purposes.
Four Shipping Companies Upgraded By ING
It looks as though the notoriously cyclical shipping sector is heading back up the mountain, as last week one of the world's prestigious financial firms stamped…
ING Barings Raises Rating On 4 Shipping Companies
ING Barings raised its ratings on four shipping companies to strong buy from buy. Analyst Stephen Gengaro raised his ratings on shares of Frontline Ltd. to a strong…
CMB Downgraded By ING Barings
ING Barings downgraded Belgian shipping company CMB to "hold" from "buy" because of the poor short-term outlook for the sector. ING said it had also cut its price…
ING Raises Ratings On Oil Companies
ING Barings has raised its ratings of the shares of several oil and gas companies. ING raised Burlington Resources to strong buy from hold, Transocean Offshore to…
