Finance and Insurance
-
Hong Kong finally gears up to take the fight to Singapore
After a lost couple of decades, Hong Kong authorities are finally gearing up to make the city more competitive for…
Read More » -
Teekay Tankers to bank $36m from sale and leaseback deal
Teekay Tankers revealed in its latest set of results that it has agreed a sale and leaseback deal for seven…
Read More » -
Scorpio seals sale and leaseback of five product tankers
Emanuele Lauro’s Monaco-based Scorpio Tankers has sealed a deal with China’s AVIC International Leasing for the sale and leaseback of…
Read More » -
Italian shipping non-performing loans up for sale top $1bn
As of today in Italy there are roughly $1bn of shipping-related non-performing loans (NPLs) up for sale, according to Fabrizio…
Read More » -
YieldStreet makes ‘game-changing’ ship finance play
YieldStreet, an alternative investment platform, has debuted marine finance as a new asset class, believed to be a first-of-a-kind investment…
Read More » -
Rolls-Royce and AXA team up
An insurance company is teaming up with a leading marine equipment manufacturer to explore how to develop ships of the…
Read More » -
Zhuhai Port sets up financial leasing unit
China’s Zhuhai Port has announced plans to set up financial leasing unit Zhuhai Port Financial Leasing Company as part of…
Read More » -
National Australia Bank: ‘We want to support the strongest players in each segment’
National Australia Bank (NAB) is looking to expand its presence in shipping finance despite the ongoing challenges in the ship…
Read More » -
Genco secures $460m refinancing
US bulker owner Genco Shipping & Trading has entered into a commitment letter for a five-year $460m senior secured credit…
Read More » -
FSL Trust in discussions to refinance chemical tanker pair
Singapore shipping trust FSL Trust Management says it is currently in negotiations with banks regarding the refinancing of chemical tankers…
Read More » -
Scorpio Tankers seals new loans worth $196m
Moanco-headquartered Scorpio Tankers has sealed deals for three separate loan facilities worth up to $195.9m, adding $53.9m of new liquidity…
Read More » -
Lessors strengthen their grip on the container equipment market
The move towards container leasing and away from carrier ownership continues unabated and the leased fleet now has a clear…
Read More » -
KfW IPEX-Bank joins green ship recycling initiative
German bank KfW IPEX-Bank has become the first German bank to join the initiative Responsible Ship Recycling Standards (RSRS), which…
Read More » -
Chinese financial leasing ready for transformation
Chinese financial leasing companies are looking to further expand their presence in the global ship financing market, having already filled…
Read More » -
Six ways to spot an ICO scam
With shipping initial coin offerings raining in the team at Data Driven Investor provide a useful checklist to sort the…
Read More » -
Ship Finance International raising $150m via note offering
John Fredriksen’s Ship Finance International (SFL) is raiding up to $150m via an issue of convertible senior notes due 2023.…
Read More » -
S’hail Shipping secures $19.2m loan from Qatar Development Bank
Qatari owner S’hail Shipping and Maritime Services has reached a financing agreement with Qatar Development Bank. Under the agreement, Qatar…
Read More » -
Scorpio Bulkers seals Japanese sale and leaseback for ultramax
Scorpio Bulkers is selling its 2015-built ultramax to an unaffiliated third party in Japan for $19m. The vessel is being…
Read More » -
NYK becomes world’s first shipping line to offer green bonds
Next month Japan’s Nippon Yusen Kaisha (NYK) will become the first shipping line in the world to offer green bonds…
Read More » -
Scorpio Bulkers seals kamsarmax financing
Scorpio Bulkers has been given a loan facility commitment for up to $12.75m to finance a kamsarmax newbuilding due for…
Read More »