Monday, June 14, 2021

Tag: shipyards

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Chatsworth, Onex partner on Elefsina Shipyards

Chatsworth, US-based investment banking firm, is collaborating with Onex Elefsis Shipyards on investment of about USD 400 million in financially-distressed Elefsina Shipyards. The agreement for the partnership was decided on July 9, between the two companies. Now, Chatsworth Securities became the stakeholder of the shipyard and is also the exclusive investment bank for the company's capital needs.

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US grants $19.6 million to help small shipyards

The US Department of Transportation’s Maritime Administration announced $19.6 million in grants to help capital improvements at 28 US small shipyards as a part of its Small Shipyard Grant program. Provided through MARAD's Small Shipyards Grant program, the funding supports employee training and related improvements that adopt increased efficiency and economic growth.

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