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Okeanis Eco Tankers Reaches Its Fundraising Goal

Okeanis Eco Tankers Reaches Its Fundraising Goal

Piraeus-based shipping group Okeanis Eco Tankers has secured another USD 45 million as it continues collecting funds to finance its newbuildings. Namely, the company said it received subscriptions in an amount that will ensure that the combination of new equity and the revolving credit facility (RCF) from its biggest shareholder, the Alafouzos family, will meet its requirement of USD 45 million, within the subscription price range. Okeanis Eco [Read More...]
Rolls-Royce Gets AiP for Hybrid Tug Propulsion System

Rolls-Royce Gets AiP for Hybrid Tug Propulsion System

Technology company Rolls-Royce has received an approval in principle (AIP) from classification society ABS for its hybrid propulsion system for tractor tugs. The AIP was granted following an evaluation of the world’s first hybrid tug, a vessel designed by Jensen Maritime. To be delivered by Nichols Brothers Boat Builders to Baydelta Maritime LLC in February 2019, the vessel will be the first tug boat installed with the Rolls-Royce hybrid [Read More...]
Rolls-Royce Gets Propulsion Contract for Grimaldi’s New RoRos

Rolls-Royce Gets Propulsion Contract for Grimaldi’s New RoRos

Rolls-Royce Commercial Marine has won a contract to deliver the propulsion system to nine vessels to be built for the Italian Grimaldi Group. The roll-on/roll-off (RoRo) vessels will be constructed at Nanjing Jinling Shipyard in China. As informed, the value of the contract is close to NOK 300 million (around USD 35 million). Delivery of the propulsion products are scheduled from 2019 and onwards to the completion of the last vessel in the [Read More...]
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