Finance And Insurance News - Marine Insurance & Ship Finance Updates

Finance and Insurance

Evan Cohen joins CIT

November 13th, 20180 Famous American ship financier Evan Cohen has been tapped to run American bank CIT’s maritime finance business. Cohen, best known for his time at DVB Bank, had most...

Finance and Insurance

CSSC Shipping applies for Hong Kong listing

November 13th, 20180 CSSC Shipping, the shipowning unit of China State Shipbuilding Corporation, has submitted an application for an IPO on the Hong Kong Stock Exchange. The company plans...

Finance and Insurance

Financing of scrubbers comes under attack

November 12th, 20187 How shipowners go about financing scrubber installations is attracting criticism across the globe. Scrubbers have hit the mainstream press headlines recently,...

Finance and Insurance

Foremost secures Taiwanese financing for newbuild bulker pair

November 12th, 20180 US-based dry bulker owner Foremost Group has entered into a $41.14m loan deal with First Bank of Taiwan to finance two of the company’s newbuildings. The five-year...

Finance and Insurance

As cranes continue to tumble, ports are urged to install laser sensor technology

November 8th, 20181 With quay cranes tumbling around the world in recent months insurer TT Club has urged port operators to install laser sensor technology to avoid costly...

Finance and Insurance

Zakher Marine secures Chinese financing for newbuild liftboats

November 6th, 20180 UAE-based Zakher Marine International has completed a $125m financing deal with China Export and Credit Insurance Corporation (Sinosure), the official export credit...

Finance and Insurance

Three ways to invest in shipping without buying ships

November 2nd, 20181 Thanos Sofios from Athens consultancy Novisea gives readers some ideas where to put their money. “God must have been a shipowner. He placed the raw materials far...

Finance and Insurance

Why there’s no love for shipping equities

October 31st, 20183 Many shipping sectors are rebounding, but IPOs remain thin on the ground. J Mintzmyer, lead investor at Value Investor’s Edge, explains why. The markets have been...

Finance and Insurance

Okeanis Eco Tankers secures funding for VLCC pair

October 30th, 20180 Okeanis Eco Tankers, the Oslo-listed Alafouzos family tanker vehicle, has secured two loan facilities for a total of $116.3m with Credit Suisse and BNP Paribas to...

Finance and Insurance

Ocean Yield seals chemical tanker leaseback deal with Ardmore Shipping

October 26th, 20180 Norway’s Ocean Yield has acquired two 2015-built chemical tankers from Irish owner Ardmore Shipping, and will charter them back on 12-year bareboat charters. The...

Finance and Insurance

Italian shipping bad loans on sale soar past the $1bn mark

October 24th, 20180 On the Italian shipping market some $1.6bn of non-performing-loans (NPLs) have already been dismissed by several national and international banks while a further $1bn...

Finance and Insurance

Star Bulk pays off restructured loans, seals new $625m facility

October 24th, 20180 Greek dry bulk giant Star Bulk Carriers has repaid all outstanding deferred debt to its lenders originating from a restructuring of its finances in 2016. The move...

Finance and Insurance

Blue Ocean Maritime Income nixes London IPO

October 23rd, 20180 Shipping’s struggle to garner stock market investor traction has suffered another setback with a maritime investment vehicle putting the skids on a London IPO. Ship...

Finance and Insurance

EuroDry eyes fleet expansion after $30m refinancing

October 16th, 20180 Greek dry bulk owner EuroDry, recently spun out from Euroseas, says it has refinanced the debt on four of its vessels with $30m worth of new loans. EuroDry has...

Finance and Insurance

Standard Club looks to take over Strike Club

October 15th, 20180 The Standard P&I Club is looking at acquiring sister company Strike Club, a provider of delay insurance to shipowners. The transaction is expected to take place...

Finance and Insurance

Bob Burke warns on risks of investors piling into shipping

October 10th, 20180 Delegates attending last week’s by invitation only Maritime CEO Forum were warned by one of the world’s most famous names in tankers to be aware of the risks coming...

Finance and Insurance

Star Bulk refinances 26 vessels in loan deal to fund 50 scrubbers

October 10th, 20181 Greek dry bulk owner has entered into a $310m loan agreement which refinances 26 vessels and includes a $70m tranche to finance the procurement and retrofitting of...

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Splash Dash

MSC’s CIO makes the case for carrier digital harmonisation
Container shipping is playing catch-up with other industries such as aviation and banking when it... Nov 16th, 2018 inContainers
Two thirds of LNG orders placed this year are speculative
Two thirds of the LNG orders placed this year have been speculative, according to Norwegian owner... Nov 16th, 2018 inGas
2019 predictions and beyond
As is customary at this time of the year the editor tells me to stick my neck on the line and make... Nov 16th, 2018 inOpinion
Antong: The brothers who created the world’s 14th largest liner company
Antong Holdings, the parent group of Chinese domestic container shipping major Ansheng Shipping and... Nov 16th, 2018 inMaritime CEO
Taylor Maritime handysize snapped up by Narval Shipping
Greek owner Narval Shipping has acquired the 1998-built handysize bulker from Hong Kong’s Taylor... Nov 16th, 2018 inDry Cargo

MSC’s CIO makes the case for carrier digital harmonisation

Taylor Maritime handysize snapped up by Narval Shipping

Global Ship Lease completes merger with Poseidon

Klaveness Combination Carriers extends COA with South32

Evan Cohen joins CIT

Solstad Offshore gets more work in Brazil

Algoma adds product tanker

Foremost secures Taiwanese financing for newbuild bulker pair

Afghanistan to form shipping line

Reach Subsea and MMT charter CSV from Topaz

DP World takes China Merchants to court

Sunken Iranian tanker features on US sanctions list

Raffles Shipping books up to six chemical tankers at Wuchang Shipbuilding

Yasa sells aframax to Soechi

PGS to sell survey vessel to JOGMEC

World’s largest liners launch new container shipping association

Shandong Shipping orders 10 capes at Waigaoqiao Shipbuilding

Raffles Shipping books up to six chemical tankers at Wuchang Shipbuilding

Wah Kwong orders panamax pair at CSSC Chengxi

Taylor Maritime handysize snapped up by Narval Shipping

Sovcomflot secures $149m credit facility for LNG carrier newbuild