Bahrain

IPO for Bahrain terminal operator gets underway

APM Terminals Bahrain is expecting to raise around BHD 12 million ($32 million) through an initial public offering (IPO) that opened on November 8th. This is an important milestone as it is the first IPO for a transport and logistics company in the Kingdom to list on the Bahrain Bourse.

APM Terminals Bahrain will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD 0.66 per share. The net proceeds will be paid to its current shareholders pro-rata based on their...

https://www.themaritimestandard.com/ipo-for-bahrain-terminal-operator-gets-underway/

APM Terminals Bahrain Aims To Raise $32m With IPO

APM Terminals Moin Cranes (1)

APM Terminals Bahrain plans to raise around BHD12m ($32m) through its planned initial public offering (IPO). This is the first IPO for a transport and logistics company in the Kingdom to list on the Bahrain Bourse. The listing forms part of the contractual agreement made when the port opened in 2009.

APM Terminals Bahrain will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD0.66 per share. The net proceeds will be paid to its current shareholders pro-rata...

https://www.marineinsight.com/shipping-news/apm-terminals-bahrain-aims-to-raise-32m-with-ipo/

CNO: U.S. Still Committed to Littoral Combat Ship Deployments in Southeast Asia

Manchester (LCS-14) rests in the Port of Los Angeles during during a scheduled visit for LA Fleet Week on Aug. 31, 2018. US Navy Photo

KUALA LUMPUR, MALAYSIA – The Navy is still committed to resuming rotational deployments of the Littoral Combat Ship to Southeast Asia, Chief of Naval Operations Adm. John Richardson said, though he declined to specify when the deployments would resume. 

Speaking to reporters in the Asia Pacific region, Richardson told USNI News he did not want to get into...

https://news.usni.org/2018/11/01/cno-u-s-still-committed-littoral-combat-ship-deployments-southeast-asia

Central banks greening financial system, Politics in the Middle East podcast

Commentary: Central banks greening financial system

By Danae Kyriakopoulou in Geneva

Central banks’ remits have changed profoundly since the 2008 financial crisis, notably – and sometimes controversially – in relation to their monetary policy practices and quantitative easing policies. Their remits are beginning to expand into another, unexpected field: climate change.

The recognition of climate-related disruption as a source of financial risk is propelling this expansion, and central banks can...

http://www.allaboutshipping.co.uk/2018/10/31/central-banks-greening-financial-system-politics-in-the-middle-east-podcast/

Bahrain LNG terminal nears operational stage

Teekay LNG’s first Floating Storage Unit (FSU), Bahrain Spirit, has been delivered to its charterer Bahrain LNG. The vessel is being used to support Bahrain LNG in providing an LNG receiving and regasification terminal in Bahrain.

Built in South Korea by Daewoo Shipbuilding & Marine Engineering, Bahrain Spirit will be used together with a jetty-mounted regasification unit at Khalifa Bin Salman port to enable LNG imports to Bahrain to start in early 2019. As well as the FSU, the new LNG import...

https://www.themaritimestandard.com/bahrain-lng-terminal-nears-operational-stage/

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