Global Ship Lease Announces New Senior Secured Loan Facility to Enable Refinancing of 2022 Notes

Global Ship Lease, Inc. announced that it has agreed a new $236.2 million senior secured loan facility (the “New Facility”) with Hayfin Capital Management, LLP (“Hayfin”). Global Ship Lease intends to use the proceeds from the New Facility, along with cash on hand, to redeem in full the Company’s outstanding 9.875% First Priority Secured Notes due 2022 (the “2022 Notes”).

Evergreen Marine vessel suffers container loss due to strong wind

Following the strong wind and the rough seas conditions, the 8,452 TEU “Ever Liberal” container ship lost 36 containers, as Taiwan shipping company Evergreen Marine Corporation reported.

India urges China for a solution for stranded seafarers

India called China to help the 39 crew of the stranded cargo vessels MV Jag Anand and MV Anastasia. The ships have been stuck for months near Jingtang and Caofeidian ports.

ONE to Charter World’s Largest Containerships at 24,000+ TEU

Japan-based shipping line Ocean Network Express has announced plans for the long-term charter of the world’s largest containerships.

Iran starts search for 7 missing crews of landing craft capsized in Persian Gulf

Iranian maritime authorities say they have launched a search operation for seven crew members of a landing craft vessel that capsized in the Persian Gulf on Friday.

A.P. Moller Holding invests millions in Green Hydrogen Systems

Denmark’s A.P. Moller Holding, a parent company of shipping major Maersk, has decided to invest in compatriot Green Hydrogen Systems, a supplier of modular electrolyzers producing green hydrogen from renewable energy.

Aegean Shipping orders another eco-friendly Aframax

Greek shipping company Aegean Shipping Management has exercised an option to build its third Aframax tanker in China.

Ferries arriving to Port of Rotterdam from UK are not allowed to carry passengers

With immediate effect, ferries arriving to the Netherlands from the United Kingdom are no longer allowed to carry passengers.

UK Maritime, Carbon13 join forces to support entrepreneurs towards a net zero future

Carbon13 and Maritime UK joined forces on an eight-month program supporting people to launch highly scalable and investable ventures for a net zero future.

Brexit: ESPO urges industry to be ready for border checks by January 1st

As Brexit entered into force, the EU and the UK will need to deal with border controls by January 1st 2020, ESPO reports. Border controls will used to ensure that both countries are in line with the formalities needed concerning trade.