Placement of approximately 41.1 million Placement Shares at S$0.1703 each has been fully taken up. Prominent institutional investors include Lion Global Investors Limited, ICH Capital Pte Ltd, ICAP-SAC, Ginko-AGT Global Growth Fund, and Azure Capital. Gross proceeds of S$7.0 million to fund capital expenditures for business expansion. Supported by a strengthened balance sheet, the Placement… Read More
Austal Limited (Austal) (ASX: ASB) is pleased to advise of the execution of a loan agreement for US$100m in funding from Export Finance Australia (EFA), the Australian Government’s export credit agency, to enhance Austal’s construction of vessels for the US Navy and US Coast Guard at the Company’s Mobile, Alabama Shipyard. The EFA loan facility… Read More
(DAMMAM) ABS has launched the Saudi Arabia Technology Center dedicated to industry-leading work on smart systems, robotics, AI and advanced digital technologies. Launched during the Saudi Maritime Logistics Congress, the pioneering research center supports the Kingdom’s maritime strategy for global leadership in shipping. Patrick Ryan, ABS Senior Vice President and Chief Technology Officer said: “We are… Read More
Last week a unique working visit was concluded by delegation from Burkina Faso 🇧🇫 to learn and share dredging experiences and showcase the development and specialized available equipment in the Netherlands.🇳🇱 The delegation, led by Yaya Traoré (Director General, ONBAH), visited Amsterdam; World Waternet, Waternet , Waterschap Amstel, Gooi en Vecht, and the dredging fleet… Read More
Boluda Towage has acquired Boskalis’s towage business in Australia and Papua New Guinea. The USD600 million transaction expands Boluda Towage’s presence to five continents, adding 39 tugs to its fleet. The ports of Weipa, Townsville, Mackay, Gladstone, Brisbane, Newcastle, Botany, Melbourne in Australia as well as Papua New Guinea now join Boluda’s network, strengthening its role… Read More
