May 26th, 20201Former member of parliament SS Teo is likely to see his beleaguered Singaporean shipping line saved by a unit of the republic’s sovereign wealth fund. Under intense...
May 25th, 20200South Korea’s Hana Financial Group is buying into H-Line Shipping, the dry bulk group formerly part of the defunct Hanjin Shipping empire, which is now controlled by...
May 25th, 20200CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has announced that the company has entered into an agreement with an unnamed bank to...
May 22nd, 20204The Japanese government is pushing a new form of financing to get more ship orders on home soil. The Maritime Bureau of the Ministry of Land, Infrastructure,...
May 21st, 20201John Fredriksen’s SFL Corporation has acquired a newbuild 308,000 dwt VLCC from China’s Landbridge Group, and bareboat chartered it back for a period of seven...
May 18th, 20200Greek dry bulk owner Diana Shipping has sealed a new loan facility with Nordea Bank for $55.848m, refinancing its existing loan with Nordea for the same amount. The...
May 18th, 20200Norway’s DOF and DOF Subsea have each entered into standstill agreements with their secured lenders, representing 93% of the total secured debt of the entire DOF...
May 15th, 20200Nordic infrastructure fund Infranode has partnered up with Port Esbjerg in Denmark to invest up to DKK1bn ($145m) into new port infrastructure facilities for the wind...
May 15th, 20200Cosco Shipping Development has announced that its subsidiary Cosco Shipping Leasing plans to apply for a RMB400m ($56m) credit facility from Bank of Beijing. The...
May 13th, 20200France’s CMA CGM, the world’s fourth largest containerline, has secured a state loan guarantee linked to the coronavirus crisis, with the government backing a...
May 11th, 20201Emanuele Lauro’s Scorpio Bulkers has raised funds by selling 2.25m shares in sister company Scorpio Tankers. Scorpio Bulkers sold the shares in the open market via...
May 11th, 20200Solstad Offshore, the Norwegian offshore vessel owning giant formed by the merger of Solstad Offshore, Deep Sea Supply and Farstad, has finalised an agreement with key...
May 7th, 20200Monaco-based Scorpio Tankers announced in its last quarterly report that it has obtained new finance from its banks. The Emanuele Lauro-headed firm recently received...
May 7th, 20200Dorian LPG has announced that the company has completed two major financing transactions. The company entered into a deal to refinance a $758m debt facility the...
May 7th, 20200Navios Maritime Acquisition has entered into a $76.7m sale and leaseback arrangement with unrelated third parties in order to refinance $54m outstanding on the existing...
May 6th, 20201Mitul Dave, a board member at Golden Sands Capital and managing director of AlphaSeas Management, on how the investor tides have turned so dramatically between aviation...
May 5th, 20200Pillarstone Italy is further increasing its fleet of vessels under the control of its fund, Finav. The latest deal was signed yesterday with PB Tankers, sealing the Rome...
Finance and Insurance
