• 2019 June 17 17:04

    Mermaid Maritime borrows a loan of USD 65 mln to extend the financing of two vessels

    Mermaid Maritime Public Company Limited has announced that its wholly owned subsidiary, Mermaid Subsea Services (Thailand) Ltd., has on 14 June 2019 entered into a facility agreement with the Export-Import Bank of Thailand to borrow from the lender a loan of up to the aggregate principal amount of USD 65,000,000.

    The objective of the facilities is to extend the financing of MSST’s two vessels, namely ‘Mermaid Endurer’ and ‘Mermaid Asiana’, for a further period of five years with the same lender. The loan shall be applied to settle the indebtedness due to the lender under a previous credit facilities agreement in respect to the two said vessels and replacing that arrangement with the facilities instead.

    For the purposes of disclosure under Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the facilities contain a condition where a mandatory prepayment event may occur if: Thoresen Thai Agencies Public Company Limited hold directly and/or indirectly less than 33% of the total issued share capital of the company. Should the Event of Default occur, the aggregate level of the facilities (assuming the facilities are drawn in full) and existing outstanding borrowings of MSST that may be affected is approximately USD 65 million, excluding interest.As at the date of this announcement, the condition described above has not been breached.




2019 November 12

13:35 Glavgosexpertiza of Russia approves survey findings under project for port construction on Novaya Zemlya
13:09 The Port of Gdansk connects Poland and Singapore
13:06 Bunker prices go down at the Far East ports of Russia (graph)
12:43 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
12:28 Admiral Makarov SUMIS confirmed unique competence in dynamic positioning operators training
11:44 RINA works with the National Technical University of Athens to support the future Young Engineers in Greece
11:19 IMO launches online tool to smooth reporting formalities
10:47 Montreal, Canada to host 16th Arctic Shipping Summit on 11-12 March 2020
10:25 Number of new watercraft registrations increasing in Finland
10:23 MABUX: Bunker market this morning, Nov 12
10:01 Hydrographic surveys in the Vuoksi river system to ensure safe navigation
09:42 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
09:32 Brent Crude futures price is up 0.11% to $62.26, Light Sweet Crude – up 0.11% to $56.92
09:16 Baltic Dry Index is down to 1,345 points

2019 November 11

18:33 Alfa Laval opens new global Innovation & Test center outside Copenhagen
18:03 ABS issues industry-leading guide for firefighting for cargo areas of container carriers
17:54 Yantar shipyard launches lead rescue ship of Project 23700 named Voyevoda
17:48 Massterly and the future of autonomous shipping
17:25 Throughput of Russian seaports in 10M’19 grew by 3.2% to 701.48 million tonnes
17:03 Wärtsilä and PSA Marine achieve breakthrough in IntelliTug project
16:44 University of Rochester create a metallic structure that won't sink
16:39 Petersburg Oil Terminal transshipped 5.9 million tonnes of oil products in 9M’19, up 3.5% YoY
16:27 Throughput of port Riga (Latvia) in 10M’2019 fell by 8.7% Y-o-Y to 27.3 million tonnes
16:15 LuminUltra warns of increased microbial influenced corrosion with IMO 2020 compliant fuels
16:08 USCG responds to aground Panamian-flagged cargo vessel north of Fishers Island
15:50 Average wholesale prices for М-100 HFO down to RUB 8,504 in RF spot market
15:37 Damen secures repeat order from B.C. Ferry Services
15:32 Wärtsilä’s single-source capability key to new vessels order
15:29 DP World’s JV wins concession for Berths No 11-12 of Port 2000 in Le Havre
15:02 LUKOIL reports preliminary operating data for Q3 and 9M of 2019
14:33 Rail terminal at Kiel’s Schwedenkai will get an additional track
14:19 APEM wins Enterprize Energy offshore wind farm contract
13:42 MCB Group enters the market of insurance expertise
13:21 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
13:00 Bremenports launches campaign in the port Hinterland
12:35 IAPH tools assist safe bunkering of clean marine fuels
12:09 Van Oord announces new Executive Governance structure
11:48 Port of Barcelona promoted in Tokyo
11:26 Primorsk Marine Grain Terminal to be put into operation in 2024
11:09 Port of Oakland export volume jumped 10.8 percent in October 2019
10:50 Missile cruiser Marshal Ustinov of RF Navy’s Northern Fleet calls port of Malabo
10:09 Hapag-Lloyd to implement GRI for Trans-Pacific trade eastbound
09:54 Port of Southampton to host MSC Grandiosa UK launch
09:47 MABUX: Bunker market this morning, Nov 11
09:42 Brent Crude futures price is down 0.88% to $61.96, Light Sweet Crude – down 0.82% to $56.77
09:25 Baltic Dry Index is down to 1,378 points
09:10 Port of Long Beach posts container volume of 688,425 TEUs in October 2019

2019 November 10

16:51 Vard Marine contracted to provide design package for two SeaFloat power barges
14:41 IMO: Skilled, ambitious and increasingly visible – maritime women profiled
13:37 ABS achieves new international safety standard
12:42 USCG responds to oil discharge in Honolulu
11:38 CMA CGM announces general rate restoration for Pakistan to Kenya and Tanzania trade
10:59 CSBC-DEME Wind Engineering (CDWE) signs contracts for the Zhong Neng offshore wind farm in Taiwan

2019 November 9

15:23 GE Renewable Energy signs agreement with China Huaneng Group to build 715 MW wind farm in Henan province
14:03 HII authenticates keel of guided missile destroyer Jack H. Lucas (DDG 125)
12:57 BC Ferries adds 28 sailings for remembrance day weekend
11:53 Fincantieri reports 9.7% growth in revenues in Jan-Oct and total backlog above EUR 32bn with ships to be delivered up to 2027
10:31 First ever LNG bunkering at the Port of Nagoya, Japan

2019 November 8

18:26 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea and East Med to Far East, Middle East Gulf and Red Sea
18:09 The Port of Barcelona organizes the Smart Ports - Piers of the Future