Finance and Insurance
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Thomas Miller pounces for Navigators’ P&I business
Insurance giant Thomas Miller has moved to take over Navigators Management’s fixed-premium protection and indemnity business in a deal likely…
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Tsakos seals sale and leaseback of suezmax pair
Greek tanker owner Tsakos Energy Navigation (TEN) has announced that it has sold two of its suezmaxes for $65.2m via…
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Bahri Dry Bulk secures financing for bulker quartet
Bahri Dry Bulk, a joint venture between Saudi Arabian shipping firm Bahri and Arabian Agricultural Services Company (ARASCO), has secured…
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Societe Generale ups financial support for LNG-powered ships
Societe Generale has become the bank with the most overt support for LNG as a fuel for shipping. The French…
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Cosco sets up shipping fund with China Cinda
Cosco Shipping Development has announced a plan to set up a shipping industrial fund with state-controlled China Cinda Asset Management…
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Arklow Shipping secures financing for bulker quartet
Ireland’s Arklow Shipping has secured financing of around EUR51m ($60.9m) from KFW IPEX-Bank and DekaBank for four 16,500 dwt short…
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China on the rise as a ship finance powerhouse
Adrian Economakis, COO of VesselsValue, on the Middle Kingdom taking centre stage. Over the last couple of years Chinese and…
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Council from Yorkshire builds major stake in Tufton Oceanic
East Riding, a council in the northern English county of Yorkshire, has emerged as a major stakeholder in the fast…
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Fairfax invests in Seaspan
Fairfax Financial Holdings, best known for its property and insurance investments, has agreed to take on up to $250m of…
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A forgettable year is our best hope
By all accounts, 2017 was a forgettable year for shipping – which it may be the best characterisation the industry…
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Themes that will dominate shipping in 2018
Splash asks top names across the industry for their predictions. Next year is unlikely to be dull for those in…
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Star Bulk restarts debt principal repayments
Star Bulk has announced that it is planning to restart the payment of debt principal repayments from January 1, six…
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D’Amico International Shipping nets $13m from another sale and leaseback
D’Amico International Shipping subsidiary d’Amico Tankers has signed an agreement for the sale and leaseback of 2015-built medium-range product tanker…
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SBM Offshore completes financing for FPSO Liza
Netherlands-based SBM Offshore announced on Wednesday it has completed project financing of $720m for the floating production, storage and offloading…
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FSL Trust seeks to extend loan repayment terms
FSL Trust directors have been in negotiations with lenders to extend a $480m loan by a year. FSL still has…
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Seacor joint venture seals sale and leaseback deal for Jones Act product tanker
New York-listed Seacor Holdings has announced that its Jones Act shipping jv SEA-Vista has reached an agreement to sell one…
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Goldman Sachs appointed to advise on sale of DVB
Germany’s DZ Bank is pushing ahead once again with plans to sell its DVB transport finance arm, Reuters is reporting.…
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Nobu Su takes to YouTube to air claims of money laundering
Nobu Su, the fallen Taiwanese shipowner turned serial maritime inventor, has uploaded a short documentary to YouTube, available below, in…
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Teekay LNG seals long-term debt facility for its share of six Yamal newbuilds
Hamilton, Bermuda-headquartered Teekay LNG Partners on Monday sealed an $816m long-term debt facility so it can finance its share of…
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Transocean faces potential liquidity issues as lawsuit is filed against subsidiary
A lawsuit has been filed against an indirect subsidiary of Transocean which could affect its ability to draw on a…
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