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Höegh LNG orders four vessels from Samsung

Norwegian gas carrier Höegh LNG has ordered four new vessels from struggling South Korean shipbuilder Samsung Heavy Industries. As per the deal, the first two ships will be delivered in 2019, while the remaining two will be delivered the following year.

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Torm to issue new shares with support from equity fund

Danish tanker carrier Torm will issue 12.5 million new Class A common shares in a product placement guaranteed by major shareholder Oaktree Capital. The company has also revealed its expectations for last year's annual report.

EU approves state aid for Croatian shipyard

EU Competitions Commissioner Margrethe Vestager has approved the state guarantee which the Croatian government will provide for a EUR 96 million loan to a yard on the verge of bankruptcy. She says the state aid complies with EU regulations.

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