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Croatia Gives 3. Maj Guarantees for up to USD 22.5 Mn Loan

The state guarantee will allow the shipyard to seek loans from banks.

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The barge, to be built by Fincantieri Bay Shipbuilding, will provide LNG bunkering solutions along the US East Coast.

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The acquisitions marked the company’s expansion into new areas of LPG.

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Ethane trade on the U.S.-China route has the potential to create demand for about 30 VLECs, Drewry said.

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The company signed a deal to purchase ten 2019-built tankers, with options for four more units.

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