Billionaire Greek Ship Owners Surface as Home Economy Sinks

By Tom Metcalf (Bloomberg) -- More than a thousand delegates from the shipping industry gathered last month at the Hilton Athens for the Greek Shipping Forum, a day of speeches and panel discussions on private equity, ship recycling and financing. The packed reception hall was a testament to how the nation’s ship owners still dominate the industry decades after Aristotle … [Read more...]

Maran-Nakilat JV Gains Financing for More LNG Carriers

Nakilat has announced the securing of a USD $669 million loan facility with QNB Group today which the Qatari LNG shipper says they will use to refinance two existing LNG carriers and build two additional vessels under the umbrella of its Maran Nakilat Co. joint venture. A combined total of US $1.33 billion in refinancing has been secured for Nakilat's joint venture with … [Read more...]