Finance and Insurance
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Okeanis seals aframax sale and leaseback deal with Ocean Yield
Norway’s Ocean Yield has acquired a new suezmax tanker from Okeanis Marine Holdings and will charter it back to the…
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Korean private equity invests in Hyundai Samho
Korean yard Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries, has attracted a KRW400bn ($355.4m) pre-initial public offering…
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Peter Döhle inks $200m financing deal with ICBC Financial Leasing
German owner Peter Döhle has signed a major financing deal with China’s ICBC Financial Leasing for its newbuildings at Chinese…
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Four European banks take ship recycling stance
At Nor-Shipping in Oslo yesterday, Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian DNB, announced that…
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Greece tries to lure UK-based owners and insurance firms to Piraeus post-Brexit
Greece is laying out the red carpet to try and entice UK-based owners and insurance firms to consider setting up…
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DryShips seals new $150m credit facility for VLGCs
George Economou’s DryShips have received a firm commitment from ABN Amro and KEXIM for a senior secured credit facility of…
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Morten Arntzen: ‘Do the opposite of what the Norwegian investment banking world consensus position is’
He’s one of the most famous names in shipping, and one of our industry’s most amusing. Morten Arntzen, now in…
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The finance case for Oslo
There are endless polls on which city ranks highest as an international maritime hub with invariably Singapore ranking top. Even…
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Songa Bulk readies for more
Arne Blystad’s aggressive charge for bulker bargains continues. Songa Bulk, which he created last year with Herman Billung at the…
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Dubai plans $1bn shipping fund
Dubai is planning a $1bn shipping investment fund, according to Reuters. State-run Dubai Maritime City Authority is leading the project…
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Danish Ship Finance predicts growth in seaborne volumes will average just 1% per annum through to 2030
Danish Ship Finance has provided a sneak peak of its latest market report, one that paints a grim picture for…
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Murmansk Shipping pledges all its assets to Sberbank for $104m loan
Seeking a RBL5.86bn ($104m) loan from Sberbank, Murmansk Shipping Company has put all of its assets down as collateral. As…
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Norwegians to finance vessel retrofits
Following the IMO ratifications of the ballast water and exhaust gas treaties, government-owned Export Credit Norway is now offering financing…
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Sovcomflot set to list next month
Sovcomflot, the Russian tanker giant, will push ahead with a listing as early as next month, Reuters is reporting. The…
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Wintermar Offshore gets breathing space from lenders
Indonesian OSV owner PT Wintermar Offshore Marine says it has completed loan rescheduling agreements with key lenders. The agreements have…
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Cerberus eyes HSH Nordbank
Private equity giant Cerberus Capital Mangement from New York is the latest firm to express an interest in buying Germany’s…
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Cosco roars back with massive new shipping fund
After years in Beijing’s bad books, the world’s largest shipping conglomerate made its intent clear today to get back on…
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Smaller risks, but bigger problems for shipping
Trond Eilertsen and Chris Grieveson from law firm Wikborg Rein on the ‘very modern nightmare’ that was the fire on…
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KAMCO to take control of 20 Korean ships
South Korea’s debt clearing house Korea Asset Management Corp (KAMCO) will take control of 20 ships worth KRW390bn ($344m) owned…
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Celsius taps ABN AMRO for landmark ballast water financing
ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast water treatment system on several…
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