Finance and Insurance
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Hayfin takes suezmax newbuild tally to four
Hayfin Capital Management has pulled the trigger on two optional methanol-ready suezmax tanker newbuilding slots in South Korea. The London-headquartered…
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Will the Year of the Dragon spring some surprises?
Pierre Aury on the four big topics shipping needs to be aware of in the coming months. So where is…
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Stolt-Nielsen bolsters position in rival Odfjell
Chemical tanker giant Stolt-Nielsen has increased its stake in Norwegian competitor Odfjell, cementing itself as the company’s second-largest shareholder. The…
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Hayfin signs for bulker newbuilds at Oshima
Hayfin Capital Management has contracted Oshima Shipbuilding in Japan through Sumisho Marine for a pair of post-panamax bulk carrier newbuilds.…
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Okeanis Eco Tankers reveals fresh vessel refinancing action
Greek owner Okeanis Eco Tankers has executed a series of vessel refinancings to optimise its capital structure. The New York…
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Saltchuk in second attempt to take OSG private
Saltchuk has revived its interest in Overseas Shipholding Group (OSG) after dropping its pursuit of the Tampa-based company in September…
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Evergrande to be liquidated
Troubled property developer China Evergrande Group has been ordered to liquidate by a Hong Kong court on Monday due to…
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Barakah Offshore seeks options for pipelay barge sale
Malaysian offshore service provider Barakah Offshore Petroleum is exploring sale options for its pipelay and accommodation barge Kota Laksamana 101…
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Maritime tech investment JV launches in the US
AMA Capital Partners, a boutique transportation and maritime focused investment bank, has formed a joint venture with Boston-based Skysail Advisors,…
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Port of New Orleans box terminal project gets $266m federal funding
The Port of New Orleans (Port NOLA) has been awarded an additional $226m federal grant to assist in building the…
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Maridive’s Emirati unit lines up $40m asset sale to settle debt
Egyptian OSV player Maridive has announced that its Emirati unit, Ocean Marine UAE, is finalising a deal to sell a…
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Pertamina International Shipping eyes 2025 IPO
Indonesia’s Pertamina International Shipping (PIS) has set its sights on going public next year to generate funds for its ambitious…
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Scorpio Tankers sells one vessel as it takes back five
New York-listed Scorpio Tankers has sealed a deal to sell one ship bought out of lease financing in 2022, while…
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BlackRock to take over Global Infrastructure Partners in $12.5bn deal
New York-based BlackRock has agreed to buy compatriot fund manager Global Infrastructure Partners (GIP) in a $12.5bn cash and shares…
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Columbia Group forms venture capital arm
Shipmanangement giant Columbia Group has formed a new venture capital firm named Galactic Beacon Ventures to help drive innovation in…
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Alpha Omega Marine seals first ship deal
Alpha Omega Marine, a Singapore-based equity investment vehicle created by two well-known names in Greek shipping, has bought its first…
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BW Offshore rejects Sohmen-Pao’s offer for oil and gas player BW Energy
Floater specialist BW Offshore has said no to a mandatory offer made by parent company BW Group to buy shares…
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Morgan Stanley leads $34m fundraiser at Vortexa
London-headquartered energy and shipping analytics platform Vortexa has tapped private equity to raise $34m in fresh capital to speed up…
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India to create local P&I club
India is to establish its own protection and indemnity (P&l) club, the latest part of the maritime jigsaw the Narendra…
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Economou takes aim at OceanPal board
Greek shipowner George Economou continues to pick a fight with the Palios family with the latest plan to oust most…
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