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...
February 24th, 20200Piraeus Bank has teamed with Japanese financial institution ORIX Corporation to start offering ship finance to the Greek market. “The partnership combines Piraeus...
February 17th, 20200Tor Olav Troim’s Borr Drilling has entered into a new $100m financing arrangement for newbuild jackup rig Tivar. The new financing, maturing in December 2021, will...
February 13th, 20200Emanuele Lauro’s Scorpio Bulkers has sealed a deal with Norway’s Ocean Yield to sell and lease back ultramax pair SBI Cronos and SBI Achilles and kamsarmax SBI...
February 11th, 20200Cambiaso Risso Group, a top Italian name in hull & machinery insurance, has bought out Genoa-based Costa Brokers, a firm specialised in offshore and reinsurance...
February 11th, 20200London-based Magma Maritime, controlled by John C Hadjipateras & Sons, is launching an alternative ship finance platform through tokenisation to enable fractional...
Finance and Insurance
