Finance and Insurance
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D’Amico seals another product tanker sale and leaseback deal
D’Amico International Shipping subsidiary d’Amico Tankers has agreed a deal for the sale and leaseback of 2015-built MR product tanker…
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HSH Nordbank sale completed, becomes Hamburg Commercial Bank
The sale of German state bank HSH Nordbank to a consortium of private equity companies, announced in February, has been…
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Matson inks sale and leaseback deal for 12-year-old boxship
US container line Matson has entered into a sale and leaseback agreement for its 2006-built 2,890 teu containership . Under…
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Pillarstone and Dea Capital set up investment platforms for distressed Italian shipping companies
Pillarstone Italy and Idea Capital Funds are both poised to launch separate investment platforms focused on the Italian shipping market,…
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FSL Trust raising $31.3m for new ships
Singapore’s First Ship Lease Trust is proposing a preferential offering of around 965m new units to raise gross proceeds of…
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Pacific Basin closes $40m loan facility
Hong Kong-based bulk carrier operator Pacific Basin has closed a $40m loan facility with Danish Ship Finance. The seven-year facility…
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GNG Ocean Shipping secures financing for chemical tanker pair
China’s state-owned GNG Ocean Shipping has entered into an agreement with BNP Paribas for the financing of two of the…
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Sovcomflot secures $149m credit facility for LNG carrier newbuild
Russia’s largest state run shipping firm Sovcomflot has signed a 10-year $149m credit facility with a consortium formed by ING…
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Evan Cohen joins CIT
Famous American ship financier Evan Cohen has been tapped to run American bank CIT’s maritime finance business. Cohen, best known…
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CSSC Shipping applies for Hong Kong listing
CSSC Shipping, the shipowning unit of China State Shipbuilding Corporation, has submitted an application for an IPO on the Hong…
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Financing of scrubbers comes under attack
How shipowners go about financing scrubber installations is attracting criticism across the globe. Scrubbers have hit the mainstream press headlines…
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Foremost secures Taiwanese financing for newbuild bulker pair
US-based dry bulker owner Foremost Group has entered into a $41.14m loan deal with First Bank of Taiwan to finance…
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As cranes continue to tumble, ports are urged to install laser sensor technology
With quay cranes tumbling around the world in recent months insurer TT Club has urged port operators to install laser…
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Zakher Marine secures Chinese financing for newbuild liftboats
UAE-based Zakher Marine International has completed a $125m financing deal with China Export and Credit Insurance Corporation (Sinosure), the official…
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Three ways to invest in shipping without buying ships
Thanos Sofios from Athens consultancy Novisea gives readers some ideas where to put their money. “God must have been a…
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Why there’s no love for shipping equities
Many shipping sectors are rebounding, but IPOs remain thin on the ground. J Mintzmyer, lead investor at Value Investor’s Edge,…
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Okeanis Eco Tankers secures funding for VLCC pair
Okeanis Eco Tankers, the Oslo-listed Alafouzos family tanker vehicle, has secured two loan facilities for a total of $116.3m with…
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Ocean Yield seals chemical tanker leaseback deal with Ardmore Shipping
Norway’s Ocean Yield has acquired two 2015-built chemical tankers from Irish owner Ardmore Shipping, and will charter them back on…
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Italian shipping bad loans on sale soar past the $1bn mark
On the Italian shipping market some $1.6bn of non-performing-loans (NPLs) have already been dismissed by several national and international banks…
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Star Bulk pays off restructured loans, seals new $625m facility
Greek dry bulk giant Star Bulk Carriers has repaid all outstanding deferred debt to its lenders originating from a restructuring…
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