Category: Singaopore
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Precious sends ultramax newbuilds straight back on hire with Jaldhi
Precious sends ultramax newbuilds straight back on hire with Jaldhi Thailand’s Precious Shipping has moved quickly to line up work for two ultramax bulker newbuilds it has just acquired from Jaldhi Overseas, fixing both vessels straight back to the Singapore-based outfit on long-term, index-linked charters. The Ubon Naree has been fixed for 24–26 months at…
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BW LPG locks in $595m across two financing deals
BW LPG locks in $595m across two financing deals VLGC owner and operator BW LPG has wrapped up two financing facilities totalling $595m, aimed at supporting its fleet expansion, refinancing existing debt, and boosting liquidity. The dual-listed unit of Singapore’s BW Group closed a $380m term loan and revolving credit facility backed by seven banks.…
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ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal
ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal Israeli carrier ZIM is bringing in 10 LNG dual-fuel containership newbuilds on long-term charter. The New York-listed company has struck deals worth in total about $2.3bn with George Economou’s TMS Group and a shipping player affiliated with Idan Ofer’s Kenon Holdings for a…