Finance and Insurance
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D’Amico Tankers sells and charters back MR product tanker
Luxembourg-based d’Amico International Shipping, part of the Italy’s d’Amico Società di Navigazione Group, has announced that its Irish operating subsidiary…
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Singapore aims to rival London and New York in debt restructuring
Singapore authorities are trying to position the Southeast Asian republic as a debt restructuring centre on a par with London…
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Oslo bond market proving hot for owners
High-yield bonds are very much in vogue among shipowners circling the Oslo financial markets. In the first nine months of…
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Chinese ship finance to the fore
Jason Jiang identifies key trends in the emerging powerhouse of maritime capital. In the past few years, the international shipping…
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Scorpio Tankers clinches sale and leaseback deal with Bocom Financial Leasing
Monaco-headquartered owner Scorpio Tanker has reached an agreement with China’s Bank of Communications (Bocom) Financial Leasing for five 2012-built product…
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DVB Bank up for sale
One of the world’s most famous names in ship finance could be sold off. Reuters is reporting that Germany’s DZ…
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Eletson inks landmark sale and leaseback deal with CSIC Leasing
Greek tanker owner Eletson has clinched a $65.5m sale and leaseback agreement with CSIC Leasing, the financial leasing unit of…
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D’Amico International Shipping seals another sale and leaseback
The Italian shipping group d’Amico Società di Navigazione is proceeding with its sale and leaseback strategy in the liquid bulk…
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‘SGX and Baltic is essentially a combination of dry bulk and freight’
The head of the Singapore Exchange (SGX) has outlined how he sees London’s Baltic Exchange working in combination with its…
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Maersk launches financial transactions platform
Maersk’s rapid digital transformation continues apace with news Denmark’s companies register recorded on Tuesday a notable new corporate formation. GateTu…
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David Turnbull takes advisor role at Seabury Capital
A very well known name in Hong Kong transport circles has taken up a senior advisor role US venture capital…
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IUMI calls for better firefighting systems onboard bigger boxships
With the growing size of container vessels, and a recent spate of fires onboard these ships, the International Union of…
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Underwriters struggling to cover their obligations: IUMI
“Continuing uncertainty is the only certainty for marine underwriters,” a senior member of the International Union of Marine Insurance (IUMI)…
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Tanker investment fund launches
Marine asset manager Mjolner Shipping Holdings and New York merchant bank Mid-Ship Capital have just closed an oil tanker-focused investment…
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Insuring the future
Chip Reed from Willis Towers Watson provides a comprehensive guide on how blockchain could change the world of marine insurance.…
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MPC Container Ships raises another $100m for fleet expansion
MPC Container Ships has raised $100m after completing the issuance of a new senior secured bond, which the company said…
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Braemar buys Hamburg financier
Braemar Shipping Services continues to diversify its business suite. Best known as a shipbroker, Braemar has today revealed it has…
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Maersk behind launch of marine insurance blockchain platform
The blockchain revolution sweeping through shipping has made its way to the marine insurance niche. Maersk has teamed up with…
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Berenberg swoops for more RBS loans
Hamburg bank Berenberg together with an unspecified Japanese financial institution has purchased a further $460m shipping performing loan portfolio from…
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Exmar sells insurance broker Belgibo to JLT
Belgian gas specialist Exmar has reached an agreement to sell insurance broker Belgibo to Jardine Lloyd Thomson Group. Belgibo is…
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