• 2023 November 21 16:37

  Havfram signs Green ECA Term Loan Facility to fully finance newbuilding programme

  

  Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the “Facility”) to fund its two Wind Turbine Installation Vessels (“WTIVs”), currently under construction at CIMC Raffles, the Company said in its news release.
  
  The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator, Bookrunner, Green Loan Advisor and Agent) with SpareBank 1 SR-Bank ASA, Credit Agricole, Sparebanken Vest and Rabobank as Mandated Lead Arrangers and with Export Finance Norway as ECA lender. The Facility is also partly supported by an insurance provided by Atradius Dutch State Business N.V, the ECA of the Netherlands.
  
  Bjørn Kristian Røed, CFO at Havfram stated: “We are pleased to secure financing for our two state-of-the-art Wind Turbine Installation Vessels. This Facility, alongside the equity provided by our sponsors Sandbrook and PSP Investments, fully funds Havfram’s newbuilding programme with the support of leading maritime lenders and export credit agencies. Access and cooperation between equity and debt capital providers are key to success in providing the world with renewable energy. This facility is a shining example to this collaboration, and supports our work to harvest clean energy from offshore wind.”
  
  Havfram is a pure play offshore wind company, providing a wide range of services across the offshore wind value chain. Leveraging deep offshore wind industry knowledge, together with decades of know-how from the Norwegian energy & marine sectors and essential experience in operating in harsh offshore environments, Havfram offers the highest standards and services to customers worldwide. Havfram provides offshore wind installation expertise to the global market as an owner and operator of Wind Turbine Installation Vessels (WTIVs). The company is majority owned by Sandbrook Capital, a leading climate fund led by an experienced team determined to combine consistent financial returns and real climate impact. Together we aim to lead the path towards clean energy.

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2023 November 29

18:07	Chinese cargo ship sinks off S. Korea's southwestern coast after drifting from China
17:34	LR to class first newbuild project for mid-size low pressure ammonia-ready LCO2 Carriers ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard
17:19	CMB.TECH and Boeckmans to build 4 future-proof hydrogen-powered 5.000dwt general cargo vessels
16:37	Changing frozen food temperatures by just 3 degrees can save CO2 emissions of 3.8 million cars a year, study shows
16:13	Chinese shipyards beat Korean firms in global orders in 2023
15:58	WinGD debuts Variable Compression Ratio technology on NYK Line newbuilds
15:55	New LNG production and marine bunkering capability at Port Hedland, Western Australia, with a pathway to IMO 2050 ‘zero-emissions’ through onboard hydrogen production
14:31	ClassNK releases "Guidelines for Cyber resilience of on-board systems and equipment"
14:02	Sea-Intelligence: Carrier results drop to pre-pandemic levels
13:09	Report: Tool helps shipping stakeholders identify best ports for developing sustainable first mover initiatives
12:41	Fincantieri launches cruise vessel for Tui Cruises
12:11	SCZONE celebrates the groundbreaking ceremony of the DP World-Sokhna $80m Logistic Park
11:53	GTT receives an order from HD Hyundai Heavy Industries for the tank design of two new LNG carriers
11:10	Four new Purus gas carriers to operate with Wartsila cargo handling systems
10:43	Wartsila signs Electrification and Integration Services agreement for USA’s first zero-emission high speed ferries project
10:23	Diana Shipping announces time charter contract for m/v New Orleans with Kawasaki
09:51	CMA CGM to launch Asia Subcontinent 2 Express (AS2) service connecting Asia with the Indian Subcontinent

2023 November 28

18:07	Major Polish cargo operator selects CTPark Gdansk Port as new HQ with 10-year logistics lease totalling 21,000 sqm
17:21	Delfin Midstream signs long-term LNG supply agreement with Gunvor
17:08	Pyxis Tankers to acquire dry bulk vessel from Safe Bulkers
16:47	TGE Marine wins contract for new PCTC class
16:18	Maersk Supply Service introduces a leaner setup and reduces 55 positions
15:53	Korea dominates global orders for VLACs
15:13	ONE sets container ship cargo record
14:43	Maersk sells remaining shares in Norway’s Hoegh Autoliners
14:23	Mitsubishi Shipbuilding holds christening and handover ceremony in Shimonoseki for demonstration test ship for liquefied CO2 transport
13:42	Panama Canal holds first auction for vessels in queue
13:14	ZIM announces measures in response to threats in the Arabian and Red seas
12:54	IMO Assembly opens
12:43	Allseas’ new barge for shallow water offshore construction activities inaugurated in Singapore
11:58	Container Terminal Altenwerder in Hamburg successfully converted to battery-powered drive
10:35	MAN Energy Solutions announces the release of a dual-fuel version of the high-speed MAN 175D engine
09:58	Nippon Foundation conducts demonstration test of autonomous navigation system on large RORO cargo

2023 November 27

18:07	FEPORT welcomes Port of Lübeck as a new member
17:47	Bulkers stuck as Sierra Leone closes port following armed clashes
17:43	Rem Offshore announces new charter agreements
17:37	Fire on OSV highlights dangers of remote Southern Ocean operations, Australia says
17:13	Chinese vessel exports surge 72% in October
16:57	Danelec acquires Nautilus Labs AI technology platform
14:44	Hudong-Zhonghua delivers LNG Geneva to CSSC Shipping
14:13	Environmentalists block Newcastle port, demanding rejection of new coal projects and 75% tax for clean energy transition
13:42	Scandlines launches zero emissions ferry
13:13	Hanwha Ocean wins $125.5 mn order for VLAC
12:31	Europe cargo ship sinks off Greek island
12:01	Middle East tanker in Middle East safe from attackers after U.S. Navy responds
11:43	AD Ports Group expands shipping operations in Kazakhstan with two new oil tankers
11:12	ONE launches West India North America Service to enhance connectivity in India
10:41	Fincantieri launches the ninth multipurpose frigate “Spartaco Schergat”
10:24	Portuguese Navy signs contract with Damen Shipyards for innovative Multi-Purpose Vessel
09:51	MHI and Orica announce collaboration to explore emissions reduction opportunities

2023 November 26

16:09	Key milestone for one of the world´s most powerful hydrogen fuel cells, TECO 2030 on schedule for first customer deployment H1 2024
14:18	ADES awarded jack-up contract in Indonesia
13:53	Europe: GTT ‘Switching to methanol will mean more emissions and more cost'
12:19	EC launches first European Hydrogen Bank auction with €800 million of subsidies for renewable hydrogen production
10:36	Finland to launch competitive tender for two offshore wind projects

2023 November 25

15:27	HD Hyundai wins $72 mn power equipment order in Saudi
14:01	Business results above plan, growth in key commodity groups - Luka Koper
12:34	Slovenia’s port of Koper a gateway for Vinfast deliveries to Europe
11:56	S&P Global uncovers port performance shifts in Q3 - Port Technology
10:13	New quay opens up new possibilities in the Port of Gothenburg Energy Port

2023 November 24

18:07	Thecla Bodewes Shipyards successfully launches 7.280dwt vessel for Vrtom Group
17:42	IRENA and DP World join forces to advance decarbonisation solutions for ports and maritime logistics
17:13	Full occupancy of the Klaipėda LNG terminal is ensured until 2033
16:29	Damen introduces fully electric SOV with offshore charging
15:46	HAROPA PORT and VERSO ENERGY sign an agreement to set up an industrial unit to produce low-carbon hydrogen and synthetic fuels in the HAROPA PORT port area
14:23	Korea's KDB likely to tap top bidder for HMM in November
13:54	Goal Zero consortium partners launch Hydromover, Singapore's first fully electric cargo vessel
13:25	Hanwha Ocean clinches order for world’s largest ammonia carriers
12:45	A.P. Moller - Maersk signs partnership with Kumho Tire on multi-year logistics solutions
12:22	KPI OceanConnect supplies OOCL with biofuel blend