Spanish investors take Adelte stake

Eight Spanish private industrial investors have purchased 50.5% of the shares in passenger boarding bridge constructor Adelte Group from venture capital fund Baring Equity Group. In 2011, Adelte signed an agreement with Baring Private Equity Partners to increase the company’s capital and to support its [Read more...]

2022-07-23T20:35:17+00:00 July 23rd, 2022|Finance|

Swan Hellenic takes over ‘SH Vega’

Having received bids for the auction of NB 517 (‘SH Vega’), Helsinki Shipyard announced that Swan Hellenic had been awarded the tender. The shipyard said that it had exercised the right to sell the ship by tender, under the contract, due to non-payment, which was [Read more...]

2022-07-13T17:20:14+00:00 July 13th, 2022|Finance|

WFW advises MSC on mega cruise terminal

Watson Farley & Williams (WFW) was the advisor to MSC Cruises on the €353 mill financing of a new large cruise terminal at the Port of Miami, Fla. The building contract was placed with Italy’s Fincantieri shipyard and the project is backed by Italian ECA SACE. [Read more...]

2022-07-13T17:16:59+00:00 July 13th, 2022|Finance|

Former Genting tonnage snapped up

The fate of the three Crystal Cruises’ vessels, formerly owned by Genting, has been sealed. A&K Travel Group, owned by Geoffrey Kent and Heritage (an industrial holding company chaired by Manfredi Lefebvre d'Ovidio), has confirmed that it has acquired the ‘Crystal Serenity’ and ‘Crystal Symphony’. [Read more...]

2022-06-27T16:41:02+00:00 June 27th, 2022|Finance|

‘Havila Capella’ given the all clear

Last week, Havila Kystruten received all of the necessary certificates from the Norwegian Maritime Directorate (NMD). This meant that the coastal cruise ship ‘Havila Capella’ was fully insured and could restart operations along the Norwegian coast. ‘Havila Capella’ has been idle in Bergen since 12th April, [Read more...]

2022-06-27T16:22:02+00:00 June 27th, 2022|Finance|

‘Golden Horizon’ hit by sanctions

UK-based Tradewind Voyages, operator of the five masted square rigged cruise sailing ship ‘Golden Horizon’, has suspended bookings and will probably have to cancel voyages, due to sanctions-related disruption to its financing, owner Croatian DIV Group, said. The world’s largest sailing ship was scheduled to [Read more...]

2022-06-27T16:19:47+00:00 June 27th, 2022|Finance|

MSC has GPH in its sights

Global Ports Holding (GPH) has been approached by MSC with a potential cash offer for all of its shares. The offer was made by SAS Shipping Agencies Services, a wholly-owned subsidiary of MSC Mediterranean Shipping Co Holding, according to GPH’s website. It was believed that [Read more...]

2022-06-27T16:06:02+00:00 June 27th, 2022|Finance|