Greek owner Capital Product Partners has recently secures new contracts and extensions for five vessels in its fleet. The partnership has secured a contract with a major liner operator for either Akadimos or Adonis, both built in 2015 and with a capacity of 9,288 teu. The charter period is for 20...
https://splash247.com/capital-product-partners-secures-new-charter-contracts/
The debt restructuring of Naples-based Perseveranza di Navigazione has come to an end. The procedure was related to non-performing loans worth around $250m. Four investment funds are involved in the deal just signed, and they are Pillarstone Italy, DeA Capital, Taconic and Hamburg Commercial Bank....
https://splash247.com/pillarstone-and-dea-capital-take-control-of-perseveranza-fleet/
Offshore driller Noble Corporation has sealed a restructuring support agreement with two groups of its largest holders of outstanding bond debt for a consensual financial restructuring transaction that will be completed under Chapter 11. The agreement will see the elimination of Noble’s $3.4bn in...
https://splash247.com/noble-corporation-files-for-chapter-11-as-part-of-restructuring/
“A sunny place for shady people”. That was how the English novelist Somerset Maugham brilliantly summed up the principality of Monaco back in the 1950s. The same could hold true for shipowning. As an industry that has thrived on its ability to not pay tax it is has always had a rather lackadaisical...
https://splash247.com/shipowning-a-sunny-place-for-shady-people/
Italian insurance broker Cambiaso Risso has announced the takeover of Fender SA, a boutique marine insurance broker in which the Italian company already had a 30% stake. Fender is mostly active in the P&I market. “The joining of the two companies marks a new and very dynamic era for the local Greek...
https://splash247.com/cambiaso-risso-takes-over-greek-pi-broker-fender/
Dutch offshore wind and dredging specialist Van Oord has been awarded a contract by CrossWind, a joint venture between Shell and Eneco, for the Hollandse Kust (noord) offshore wind farm. Hollandse Kust (noord) will have an installed capacity of 759 MW, and with signed contracts in place, work will...
https://splash247.com/van-oord-awarded-hollandse-kust-offshore-wind-farm-contract/
DHL Global Forwarding (OTCMKTS: DPSGY) has opened a 20,000-square-foot, temperature-controlled facility in Indianapolis that will cater to pharmaceutical and medical product shippers.
The $1.6 million facility has variable temperature capabilities to process all types of pharmaceutical, biotech or medical products that require strict temperature control, the company said.
The Indianapolis facility is one of eight “Certified Life Sciences Stations” that support DHL’s Thermonet service for...
https://www.freightwaves.com/news/dhl-injects-16m-into-new-indianapolis-life-sciences-facility
Police are investigating a second attack this year on the Piraeus headquarters of Vita Management yesterday. An explosion ripped the frontage of the office building on Wednesday. No one was injured and the damage could have been far worse as the fuel from the explosive device, which also contained...
https://splash247.com/explosion-rocks-vita-management-hq-in-piraeus/
Irish owner Ardmore Shipping has expanded its tanker fleet with two vessels through a ship acquisition on the SnP market and a chartered-in vessel. The company confirmed that it has entered into an agreement to acquire a 2010-built 50,093 dwt Japanese-built MR tanker for a price of $16.7m....
https://splash247.com/ardmore-shipping-acquires-a-tanker-charters-in-another/
Christoph Toepfer-led Borealis Finance has announced the sale of 2008-built panamax bulker Paganini for $8.15m. Splash column Weekly Broker reported the sale in April, citing several shipbroking houses the reported the sale. Intermodal identified the buyer as Greek owner Modion Maritime Management...
https://splash247.com/borealis-confirms-panamax-bulker-sale/