Finance And Insurance News - Marine Insurance & Ship Finance Updates

Finance and Insurance

Okeanis Eco Tankers seals suezmax sale and leaseback with Ocean Yield

January 17th, 20190 Norway’s Ocean Yield has acquired 2016-built suezmax tanker from Oslo-listed Greek owner Okeanis Eco Tankers. Ocean Yield is paying a net purchase price of $49m...

Finance and Insurance

Frank in no hurry to push ahead with Sovcomflot listing

January 16th, 20190 One of the longest awaited IPOs in the history of shipping is facing further delays. Russian state-owned shipping line Sovcomflot yesterday cited the weak freight...

Finance and Insurance

Sinochem inks sale and leaseback for chemical tanker

January 15th, 20190 Chinese state-run chemicals production and trading major Sinochem has entered into a financial leasing agreement with Huarong Financial Leasing for one of its newbuild...

Finance and Insurance

2020 Bulkers prepares for listing

January 14th, 20190 Tor Olav Trøim's 2020 Bulkers has put its management team in place and finalised financing for its newbuildings in preparation for a listing of the...

Finance and Insurance

Dea Capital debuts in the Italian shipping market with $200m worth of non-performing loans

January 11th, 20191 Dea Capital Alternative Funds has announced its debut in the shipping business in Italy, confirming an exclusive report by Splash in November. Chairman Roberto...

Finance and Insurance

Former Maersk CCO behind new bunker hedging note

January 11th, 20191 There’s plenty of money to be made from fuel hedging with the global sulphur cap just 354 days’ away, something not lost on former high-flyers at Maersk, Vitol and...

Finance and Insurance

Cosco inks Japanese leasing deal for four 10,000 teu boxships

January 11th, 20190 Cosco Shipping Development has entered into a sale and leaseback agreement with Japanese leasing outfit Financial Products Group for four of the company's...

Finance and Insurance

D’Amico seals sale and lease back for new LR1 tanker

January 8th, 20190 The new year for d’Amico International Shipping has started with a sale & lease back deal with an unidentified Japanese financial player for one of its new LR1...

Finance and Insurance

Bourbon extends debt payment suspension

January 4th, 20190 French offshore vessel owner Bourbon has signed an extension to a general waiver with lenders, allowing the company to continue to suspend payments servicing the...

Finance and Insurance

Brightoil secures $700m financing from CNOOC

December 31st, 20180 Brightoil Petroleum has announced that China's state-run energy giant CNOOC has, through subsidiaries CNOOC International Financial Leasing and CNOOC China, provided the...

Finance and Insurance

Leadership changes at Pillarstone as John Davison steps down

December 28th, 20180 KKR Capital's turnaround vehicle Pillarstone has announced that John Davison will be stepping down as chief executive officer of the company. “Following four...

Finance and Insurance

Navigazione Montanari seals big sale and leaseback deal with Sole Shipping

December 20th, 20180 Fano-headquartered Navigazione Montanari has successfully completed a complex refinancing transaction of its existing $300m debt exposure with its long-term financing...

Finance and Insurance

Transport Capital taps former NordLB shipping head

December 19th, 20181 Singapore investment firm Transport Capital has appointed a well known name in ship finance as a partner and co-head of its European operations. Oliver Faak, who used to...

Finance and Insurance

Ship Finance International seals $270m sale and leaseback for boxship trio

December 19th, 20180 John Fredriksen’s Ship Finance International (SFI) has entered into a $270m lease financing agreements with an Asian-based institution, which sees it sell three 10,600...

Finance and Insurance

Inside the collapse of common equity

December 17th, 20182 Making his writing debut for Splash our New York correspondent Greg Miller gives his view on the year in ship finance. Greg, one of the best writers on ship finance,...

Finance and Insurance

Shipping must address its commissions system

December 12th, 20182 Why did the Financial Conduct Authority of the United Kingdom ban commission-based fee systems among investment advisories, and what does it tell us about the...

Finance and Insurance

Navig8 Chemical Tankers seals double sale and leaseback with AVIC

December 12th, 20180 Navig8 Chemical Tankers has sold two 37,000 dwt product tankers to China’s AVIC International Leasing and will charter them back on 10-year charters. Navig8 will...

Page 1 of 7612 3 ...

Splash Dash

Gard issues warning on scrubber ban proliferation
Gard P&I has published an eye-opening map (see below) of places around the world it believes... Jan 18th, 2019 inEnvironment
Manila broadens discussions with overseas firms to acquire bust Hanjin Subic
Authorities in the Philippines are determined to give Hanjin Heavy Industries and Construction... Jan 18th, 2019 inShipyards
Shipping’s black box gets blockchain upgrade
The voyage data recorder (VDR) – shipping’s black box – could become a blockchain box with... Jan 18th, 2019 inTech
Nick Elliott: Shipping thriller trilogy
In need of some weekend reading? Well then, marine claims investigator Angus McKinnon is back in... Jan 18th, 2019 inMaritime CEO
Maersk starts random box checks in latest bid to stamp out scourge of misdeclared cargoes
In a bid to stamp out misdeclared cargoes, Maersk has started carrying out random container checks... Jan 17th, 2019 inContainers

Equinor wants all contracted OSVs to utilise shore-to-ship power

Maritime CEO Forum to make European debut at the Monaco Yacht Club

Algoma acquires Oldendorff bulker trio in CSL pool

North’s post-Brexit Irish subsidiary up and running

Algoma acquires Oldendorff bulker trio in CSL pool

Seacor Marine acquires three more PSVs from Cosco

Ocean Infinity awarded Petrobras survey work

Dole books reefer boxship pair at CSSC Chengxi

Saipem awarded $1.3bn worth of offshore contracts by Saudi Armanco

ADNOC acquires boxship from Celsius Shipping

Oman Shipping Company in for four DSME VLCCs

ZIM readies the end of paper bills of ladings

FSL Trust offloads product tanker

Great Eastern Shipping sells ageing VLGC

Manila broadens discussions with overseas firms to acquire bust Hanjin Subic

Shipping’s black box gets blockchain upgrade

China plans new round of consolidation for maritime sector

China Development Bank acquires two newbuild tankers

Nord/LB files court case against Brightoil

Bureau Veritas reveals Donche-Gay’s successor

North’s post-Brexit Irish subsidiary up and running