• Ernst Russ acquires ships financed by ABN AMRO

    The Ernst Russ Group has successfully completed another transaction and acquired two container ships with capacities of 2,450 TEU and 2,785 TEU and an average age of just under 12 years. ABN AMRO – Global Transportation & Logistics provided financing to Ernst Russ. Purchase price for the two container ships is undisclosed.

  • Safe Bulkers, Inc. Refinances US$74.9 million...

    Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that the Company has refinanced US$74.9 million loans outstanding, with a new loan facility of US$49.6 million and cash on hand of US$17.0 million, resulting in a debt write off of about US$8.3 million.

  • Saudi finance minister tells bond investors...

    Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told Reuters.

  • Multinational Oil Companies Offer Over $1bn In...

    This year alone, multinational oil companies have provided more than $1billion in alternative financing for gas projects in Nigeria, and experts say this may be a viable model to unlock the country’s gas potential. 

  • Decline in traditional ship financing sources...

    The decline in traditional ship finance and a lack of provision from regional banks have posed serious challenges to the shipping industry as a whole, but at the same time triggering the rise of alternative funding.

  • U.S. oil prices hit $50 on rising refinery demand...

    U.S. crude oil prices rose above $50 per barrel on Monday and were near last week's multi-month highs as the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocked out by Hurricane Harvey.


Teekay LNG Partners Secures Long-Term Financing for Yamal ARC7 LNG Carriers

Teekay LNG Partners L.P. today announced the completion of an $816 million(1) long-term debt facility to finance all six of the Partnership’s 50-percent owned ARC7 LNG carrier newbuildings, the first vessel of which is scheduled to deliver in January 2018, and the remaining vessels through to early-2020. These newbuildings will service the Yamal LNG project under charter contracts with firm charter periods out to 2045 plus option periods.


In search of fiscal ‘win-win’ to spur upstream investment

Brazil and Guyana dominate the low end of the cost curve for pre-final investment decision projects. Both yield giant oil discoveries in world-class reservoirs – a winning combination that delivers outstanding project economics. Spectacular bids for Brazil pre-salt acreage in September prove that an industry that’s capital constrained still lusts after these resource sweet spots


The Impact of Decarbonization on Shipping Finance

“Many global financial institutions have committed to bringing their portfolios in line with the transition to a low-carbon economy. To fully achieve this, they must address the climate risks to hundreds of billions of dollars in shipping investments that will emerge as soon as 2023.” - Maurice Meehan, Director of Global Shipping Operation, Carbon War Room