Finance And Insurance News - Marine Insurance & Ship Finance Updates

Finance and Insurance

Deutsche Bank confirms $1bn shipping loan sale

June 20th, 20180 Deutsche Bank has confirmed earlier reports that it is selling a $1bn portfolio of shipping loans to an entity owned by funds managed by Oak Hill Advisors and Varde...

Finance and Insurance

Grindrod Shipping makes Nasdaq debut

June 19th, 20180 Grindrod Shipping Holdings, the shipping business spun out of South Africa’s Grindrod, began trading on the Nasdaq on Monday. Listed under the ticker GRIN with a...

Finance and Insurance

HSH Nordbank readies shipping return

June 15th, 20180 Emblematic of shipping’s changing fortunes, Germany’s much-maligned HSH Nordbank has said it wants to get back into maritime. The bank’s state government owners...

Finance and Insurance

Deutsche Bank shuffles shipping exposure

June 15th, 20180 As HSH Nordbank gears up to make a renewed foray into shipping under new ownership, another big name in German ship finance is making moves of its own. Reuters is...

Finance and Insurance

Schulte launches Hanseatic Capital Management out of Cyprus

June 15th, 20180 Hanseatic Capital Management (HCM) has been launched by Germany’s Schulte Group, acting as the anchor investor. The initial investment focus of HCM is on smaller...

Finance and Insurance

MPC Container Ships raises more cash for acquisitions

June 13th, 20180 Germany’s MPC Container Ships has raised a further $50m via a private placement, money it says will be used to acquire more ships. Last month, MPC snapped up three...

Finance and Insurance

Scorpio Bulkers secures new loan for kamsarmax pair

June 12th, 20180 Emanele Lauro’s Scorpio Bulkers has received a commitment for a loan facility of up to $30m from ING Bank to refinance two of the company’s kamsarmax bulk carriers,...

Finance and Insurance

Peter Livanos taps former high fliers at HSBC and Goldman Sachs to run new investment vehicle

June 11th, 20180 Matthew Westerman, previously co-head of HSBC's investment bank, and Julian Metherell, the former boss of Goldman Sachs's UK investment bank, have been tapped by Greek...

Finance and Insurance

Scorpio Tankers seals another sale and leaseback deal

June 6th, 20180 Emanuele Lauro’s Scorpio Tankers has sealed a sale and leaseback deal with China’s CMB Financial Leasing for six product tankers as part of the company’s new...

Finance and Insurance

Money for the masses

June 5th, 20180 So here we are at Posidonia once again and my, oh my how the mood of owners descending on Athens has changed since the last edition two years ago. I will be using the...

Finance and Insurance

GoodBulk files for US IPO

June 2nd, 20180 John Michael Radziwill’s GoodBulk has finally pushed the go button on a long-awaited listing by filing a registration statement with the SEC for a proposed New York...

Finance and Insurance

IM Skaugen seeks Singapore restructuring

May 31st, 20180 Oslo-listed IM Skaugen has filed restructuring applications at the High Court in Singapore. Specifically the Norwegian tanker owner has sought a moratorium to commence...

Finance and Insurance

Scorpio Tankers inks another sale and leaseback deal

May 30th, 20180 Emanuele Lauro’s Scorpio Tankers has sealed a deal to sell and leaseback six MR product tankers to China Huarong Shipping Financial Leasing. The six vessels are STI...

Finance and Insurance

Galvanised banks descend upon Athens

May 28th, 20180 Expect more bankers to be in attendance at next month’s Posidonia than at any time since the start of the global financial crisis 10 years ago. With all data...

Finance and Insurance

Maersk successfully pilots first marine insurance blockchain platform

May 25th, 20180 Insurwave, the world’s first marine hull insurance blockchain platform, is up and running and is ready for commercial use after going through a successful pilot...

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Splash Dash

Hyundai Heavy runs out of offshore work
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has announced that it will suspend... Jun 22nd, 2018 inShipyards
This is why jackup rig dayrates will double
David Carter Shinn from Norwegian offshore rig brokerage and advisory Bassoe Offshore reckons it's... Jun 22nd, 2018 inOffshore
The Great Reversal: US crude and the diverse forces shaping tanker markets
Reduced floating storage, the high level of deliveries and mixed impact of increased US crude... Jun 22nd, 2018 inContributions
Korea’s largest steel mill gets shipping partners to install scrubbers
Korea, Inc has thrown its weight behind scrubbers. In a significant move, POSCO, one of the top... Jun 22nd, 2018 inEnvironment
HMM denies it is preparing for life without Maersk and MSC
January 1, 2020 marks a date creating headaches for shipowners around the world as they gear up for... Jun 20th, 2018 inContainers
Should HMM stay or go?
On March 16 2017, Hyundai Merchant Marine (HMM) inked a three-year strategic cooperation agreement... Jun 20th, 2018 inOpinion

Diana Shipping newcastlemax gets pay rise from Koch

Danaos seals $2.2bn debt refinancing

Wilhelmsen Ship Management adds UK office, targets ambitious growth

Angelicoussis back at DSME for another LNG carrier

Negligent homicide charge dropped against commander of USS Fitzgerald

Yangzijiang wins more newcastlemax orders

Cox Oil agrees on $322m buyout of EGC

Generator fire doused on Great Lakes bulker, USCG to investigate

GMS adds to its growing operational fleet

Shelf Drilling to list in Oslo on Monday

Shelf Drilling IPO oversubscribed

Rowan jackup gets three-year Saudi Aramco contract

Hyundai Heavy runs out of offshore work

Korea’s largest steel mill gets shipping partners to install scrubbers

Sungdong Shipbuilding seeks new owners

Ocean Network Express shifts from road to rail in the UK

COSL secures jackup contracts from Aramco

Worker dies after falling off ship at Beihai Shipbuilding

Cosco’s huge swathe of boxships still to deliver this year puts liners on edge

Cosco offers US authorities Long Beach terminal solution to solve OOCL takeover

Danaos seals $2.2bn debt refinancing