Finance and Insurance
-
Shipping’s false idols of equity and debt
A colleague’s piece I read recently mixed up some of his financial terms in an obvious market shorthand manner that…
Read More » -
Italian bank readies to offload shipping loans
Genoa-based lender Banca Carige has put up for sale the financial exposures of three shipping companies which are worth some…
Read More » -
Nord/LB privatisation on the cards
Multiple German news outlets are reporting that yet another big name in German ship finance is being readied to be…
Read More » -
Dorian LPG secures another Japanese sale and leaseback
Gas carrier operator Dorian LPG has entered into a $70m sale and bareboat charter arrangement for 2015-built VLGC . It…
Read More » -
HSH sale draws ire from bondholders
Bondholders who collectively own more than EUR 1bn ($1.24bn) of tier 1 instruments and upper tier 2 instruments issued by…
Read More » -
Themes that will dominate ship finance for the next 12 months
There’s been some pretty big wake-up calls for traditional ship finance players in recent months with a raft of tech…
Read More » -
Ocean Yield raises cash for more ships
Norway’s Ocean Yield has completed a private placement raising NOK759m ($96m), funds which it intends to use to finance investments…
Read More » -
HSH Nordbank sold for $1.22bn
Over a year since the sale process was launched, the federal states of Hamburg and Schleswig-Holstein have reached an agreement to…
Read More » -
Bank of China and ICBC ready bids for DVB
Two big names in Chinese banking have emerged as possible buyers of German ship finance giant, DVB Bank. Bank of…
Read More » -
MPP ship investment scheme launched in the UK
A new company, Corn Rising Shipping, is looking to raise £5 million ($7m) to purchase a multipurpose vessel ship under…
Read More » -
J C Flowers and Cerberus Capital Management tipped to buy out HSH Nordbank
The Wall Street Journal (WSJ) is reporting that American private equity firms J C Flowers and Cerberus Capital Management have…
Read More » -
ING and EIB link on green financing
ING and the European Investment Bank (EIB) have signed an agreement to support green investments for the European shipping market…
Read More » -
Shipowner.io: Blockchain threat to traditional ship finance powerhouses
The second of February could become known in the future as Black Friday for the traditional powerhouses in ship finance.…
Read More » -
Sovcomflot taps Sberbank for finance
Russia’s biggest lender Sberbank and the country’s largest shipping company Sovcomflot have signed a 14-year project finance agreement worth $106m.…
Read More » -
Ezion Holdings secures $1.5bn refinancing
Singapore liftboat specialist Ezion Holdings has secured a $1.5bn refinancing package with its six secured lenders. DBS, OCBC, UOB, MayBank, CIMB and…
Read More » -
MPC Container Ships closes in on more feeders
MPC Container Ships, the fast growing feeder specialist set up by Germany’s MPC Capital, is building up further funds for…
Read More » -
Ship finance meets blockchain with launch of Shipowner.io
Shipowner.io was launched Friday claiming to be the world’s first distributed ledger platform for participation in capital financing of assets…
Read More » -
Thomas Miller acquires surveying consultants Brookes Bell
UK insurance provider Thomas Miller has acquired international marine consultancy business Brookes Bell for an undisclosed sum. Liverpool-headquartered Brookes Bell is…
Read More » -
Chembulk Tankers raises $200m via bond issue
Connecticut-based tanker owner Chembulk Tankers has raised $200m in a secured bonds issue. Proceeds from the offering will be used for the…
Read More » -
Four Asian shipowners rapped for their recycling choices
The vessel scrapping choices of four Asian shipping lines have incurred the wrath of the world’s largest sovereign wealth fund.…
Read More »