Carnival to market term loan facility

Carnival Corp is to start marketing a first-priority senior secured term loan facility. This has an original principal amount of $1.5 bill and matures in 2028. The company said that it intended to use the proceeds from the facility to redeem a portion of the [Read more...]

2021-10-15T08:28:02+00:00 October 14th, 2021|Finance|

Ausonia outlines strategy

Newcomer Ausonia Cruise Holdings has formed a Monaco based corporate entity to act as the main governing body for its cruise-industry investment ventures. A team of experienced finance professionals and cruise industry operating executives have been brought together to form special purpose acquisition companies to [Read more...]

2021-10-14T20:20:18+00:00 October 14th, 2021|Finance|

CMA CGM buys into Brittany Ferries

CMA CGM is to invest €25 mill in Brittany Ferries, which includes €10 mill in quasi-equity. Brittany Ferries is the largest ferry company operating under the French flag, while CMA CGM is a major player in shipping and logistics. Through this agreement, CMA CGM is [Read more...]

2021-09-26T18:02:10+00:00 September 26th, 2021|Finance|

MOL’s LNG powered ferries receive transition loan

Mitsui OSK Lines (MOL) has concluded a syndicated transition loan for two LNG-fuelled ferries - ’Sunflower Kurenai’ and ‘Sunflower Murasaki’. The Development Bank of Japan (DBJ) and Sumitomo Mitsui Trust Bank (SMTB) served as the arrangers and Sumitomo Mitsui Banking Corp (SMBC) as the co-arranger. [Read more...]

2021-09-10T21:49:56+00:00 September 10th, 2021|Finance|

Freight still driving DFDS results

DFDS reported a revenue increase of DKK1.4 bill or 51% to DKK4.2 bill in the second quarter of this year, compared with 2Q20. This growth was driven almost entirely by the freight activities, i.e. freight ferry and logistics, as passenger activities remained negatively impacted by [Read more...]

2021-08-30T16:38:16+00:00 August 30th, 2021|Finance|