Finance and Insurance
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Shipping investment trust seeks London IPO
An investment trust lending to privately-owned shipping companies has set out its stall for a London IPO. Blue Ocean Maritime…
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IUMI warns buffers to cover big losses are non-existent
The International Union of Marine Insurance (IUMI) is holding its annual conference in Cape Town this week. The global insurance…
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Chinese leasing firms top finance survey
Petrofin Bank Research from Greece has published its keenly read annual survey, which shows another $10bn wiped off the loan…
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What has changed and what remains the same 10 years on from the collapse of Lehman Brothers
Saturday marked the 10th anniversary of the demise of America’s fourth largest investment bank, an event that triggered a record…
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Shipping post-Lehman not as bad as the 1980s: Clarksons
Stephen Gordon, managing director of Clarksons Research, has had his say on the decade since Lehman Brothers collapsed. Tomorrow marks…
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How shipping has changed since Lehman Brothers collapsed
Around this time 10 years ago I boarded a train from the far southwest of France bound for Hamburg. The…
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Klaveness Combination Carriers raises funds for fleet growth
Klaveness Combination Carriers (KCC) is raising $45-70m via a private placement of shares, funds which will be used to add…
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Shipping’s greatest loser since Lehman Brothers went under
No shipowning nation in the world has been worse hit in the 10 years since the global financial crisis than…
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Wilhelmsen: Our aim is to shape the maritime industry
Any shipping CEO today needs to be able to talk a good game when it comes to digitalisation. Few, however,…
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IUMI calls for greater Arctic maritime infrastructure
The change in ice conditions is opening the high Arctic as a trade route, fishing ground and potential tourism destination;…
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Odfjell Drilling secures funding for new semi-submersible
Odfjell Drilling has secured a $325m senior secured term loan facility for newbuild semi-submersible rig Deepsea Nordkapp, currently under construction…
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Aegean completes refinancing deal with Mercuria Energy
Aegean Marine Petroleum Network has completed a transformative refinancing deal with Mercuria Energy Group, which sees Mercuria become the sole…
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RSA’s Turner set to be next IUMI president
Richard Turner from RSA Insurance Group is set to replace Dieter Berg as the president of the International Union of…
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D’Amico seals another sale and leaseback deal
Italian owner d’Amico International Shipping has announced that its Irish subsidiary d’Amico Tankers has reached an agreement with an unnamed…
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Vinalines IPO set for September 5
State-owned Vietnam National Shipping Lines (Vinalines) is finally proceeding with a much delayed initial public offering. More than five years…
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UK P&I Club opts for Rotterdam as post-Brexit base
Another big name in British ship insurance is making Brexit relocation plans. The UK P&I Club has revealed to Reuters…
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Scorpio Bulkers seals new $184m loan
Emanuele Lauro’s Scorpio Bulkers has received a commitment from Nordea and Skandinaviska Enskilda Banken for a loan facility of up…
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Prosafe agreement with Cosco sees major financial transformation
Cyprus-headquartered accomodation vessel owner Prosafe has reached an agreement with Cosco allowing for the flexible delivery of three previously stalled…
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Höegh LNG secures $177m debt financing for newbuild FSRU
Norway’s Höegh LNG Holdings has received commitment letters for a $177m million debt financing for one of its FSRU newbuildings.…
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Teekay Tankers reveals another sale and leaseback deal
Teekay Tankers has revealed during the unveiling of its second quarter results details of another sizeable sale and leaseback deal.…
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