April 2nd, 20200US offshore vessel owner Hornbeck Offshore Services has revealed in an SEC filing that it is headed for a prepackaged chapter 11 after defaulting on its payment...
April 1st, 20200Solstad Offshore, the Norwegian offshore vessel owning giant formed by the merger of Solstad Offshore, Deep Sea Supply and Farstad, says the large majority of its...
March 31st, 20200Overseas Shipholding Group (OSG) has closed on a $33.15m loan, led by Wintrust Commercial Finance (WCF), to finance a newbuild 204,000 barrel US-flagged oil and chemical...
March 30th, 20200Hong Kong-based venture capital firm Betatron has announced a partnership with YPSN (Young Professionals In Shipping Network) and Heron Advisory to develop venture...
March 24th, 20200London-based alternative investment manager Marshall Wace has been revealed as a shareholder of Belgian tanker giant Euronav, having being announced as an major...
March 23rd, 20203I’ve been in this wonderful shipping business for more decades than most and I can state categorically that I’ve never sensed greater uncertainty among shipowners...
March 13th, 20200Sumitomo Mitsui Trust Bank (SMTB), a major Japanese shipping lender and one of Japan's largest asset managers, has become the first Asian financial institution to join...
March 11th, 20200Standard Chartered Bank has joined TradeLens, the blockchain enabled platform developed by Maersk and IBM, becoming the first financial institution to enter a formal...
March 10th, 20200Aon announced yesterday a $30bn deal to buy rival Willis Towers Watson, creating the world’s largest insurance broker, overtaking Marsh & McLennan. "This...
March 9th, 20200John Fredriksen’s Frontline has signed a sale and leaseback agreement with China's ICBC Financial Leasing to fund the acquisition of ten suezmax tankers. The lease...
March 9th, 20200CSSC Shipping, the financial leasing unit of Chinese shipbuilder CSSC, has entered into a sale and leaseback agreement with South Korean owner Sinokor for four 1,080 teu...
March 6th, 20200People's Insurance Company of China (PICC) has proposed to sell all its 40 percent stake in loss-making Donghai Marine Insurance to two Ningbo-based investment...
March 6th, 20200Greek capesize owner Seanergy Maritime Holdings has received approval from one of its existing lenders to extend the maturity of two loan facilities worth $30.6m. The...
March 2nd, 20200Dutch seismic and subsea services firm Fugro has decided not to proceed with a €500m ($552.7m) offering of senior secured notes, citing adverse market...
February 27th, 20200An arbitration tribunal in London has ruled in favour of Ocean Yield, deciding that it was not required to sell back four VLCC tankers to Greek owner Okeanis Eco...
February 26th, 20200A.P. Moller - Maersk has secured a new $5bn revolving credit facility through a syndicate of 26 selected banks linked to the company’s performance in reducing...
February 24th, 20200The West of England P&I Club is buying a significant stake in specialist marine insurance provider Nordic Marine Insurance (NMI). Founded in 2012 and based in...
Finance and Insurance
