Hubline Berhad intends to raise MYR23.02m ($5.63m) through the issue of shares in a private placement.

The transaction will see the issue of 230,199,183 shares, priced at MYR0.10 ($0.02) each.

UOB Kay Hian Securities (M) Sdn Bhd is acting as the adviser and placement agent for the development.

"Vard has received a Nkr2.7bn ($322.8m) contract from Ponant to design and build a new polar expedition cruise ship."

Damen Shipyards Group has signed a joint venture (JV) agreement with Concordia Group for the construction and delivery of inland waterway vessels.

The JV is set to be known as Concordia Damen Shipbuilding and is expected to result in an increase of the market share of the partners in inland waterways.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Concordia also intends to increase its production capacity, while retaining the company’s corporate identity within the JV.

Vard has received a Nkr2.7bn ($322.8m) contract from Ponant to design and build a new polar expedition cruise ship.

The LNG-powered vessel has been developed by Ponant, Stirling Design International, Aker Arctic and Vard.

The hull will be constructed at Vard Tulcea shipyared in Romania and delivered to Vard Søviknes in Norway for final outfitting.

Delivery of the vessel is currently scheduled for the second quarter of 2021.