Sunday 28 December 2014
 
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shipbuilding

Topaz plans to raise $550m loan to fund expansion

Dubai-based Topaz Energy and Marine plans to raise $550 million in debt from banks in early 2015 to lower its borrowing costs and fund potential expansion at a time when the oil services market is softening, its chief executive said.

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Topaz plans to raise $550m loan to fund expansion

Dubai-based Topaz Energy and Marine plans to raise $550 million in debt from banks in early 2015 to lower its borrowing costs and fund potential expansion at a time when the oil services market is softening, its chief executive said.

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Major Asry project boosts investment

Bahrain's Arab Shipbuilding and Repair Yard (Asry) said a major initiative to boost in-yard technical resources has seen several global contractors invest in the company. Asry chief executive Nils Kristian Berge said "Pro

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Asry posts 4th year of revenue growth

Bahrain's Arab Shipbuilding and Repair Yard (Asry) has announced that 2013 was its fourth year of consecutive growth, and that the firm is now entering a period of consolidation. The revenues grew to $199 million, an increase

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Nakilat Damen starts building tugs for NSW

Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) said it has begun building two tugs from a seven-vessel order for marine services provider NakilatSvitzerWijsmuller (NSW). A joint venture between Nakilat and Dutch shipbuild

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Asry's offshore unit spurs revenue growth

The offshore division of Arab Shipbuilding and Repair Yard (Asry) contributed approximately 44 per cent of the firm’s income last year, registering its highest ever share of total revenues, the company’s CEO said. &quo

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Drydocks World tests new insolvency law

Dubai World's shipbuilding unit has filed for a special form of insolvency protection, two sources said, using a special tribunal to force holdout creditors to sign up to its $2.2 billion debt restructuring plan. The move by Drydo

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Drydocks World debt deal faces problems

A potential $2.2 billion debt restructuring for Drydocks World, the shipbuilding arm of indebted Dubai World, is seen facing tough headwinds. The presence of hedge funds and a lack of government aid are seen threatening an amicable deal, R

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Asry’s Jan-Aug income hits $115.4m

Bahrain-based Arab Shipbuilding and Repair Yard Company (Asry) achieved a net operating income of $115.408 million in the first eight months of 2011, said its chairman. Shaikh Daij Bin Salman Bin Daij Al Khalifa added that the number of ve

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Drydocks World to refurbish vessel at $3m

Drydocks World, a leading player in ship repair, shipbuilding, rig building and other services, will carry out a $3.3 million refurbishment on a unique semi-submersible crane vessel. The vessel Hermod belongs to Dutch company Heerema Marin

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