Finance And Insurance News - Marine Insurance & Ship Finance Updates

Finance and Insurance

Chinese financial leasing ready for transformation

April 23rd, 20180 Chinese financial leasing companies are looking to further expand their presence in the global ship financing market, having already filled much of the gap left by...

Finance and Insurance

Six ways to spot an ICO scam

April 20th, 20180 With shipping initial coin offerings raining in the team at Data Driven Investor provide a useful checklist to sort the wheat from the chaff. Earlier this year in...

Finance and Insurance

Ship Finance International raising $150m via note offering

April 19th, 20180 John Fredriksen’s Ship Finance International (SFL) is raiding up to $150m via an issue of convertible senior notes due 2023. The company will also grant the...

Finance and Insurance

S’hail Shipping secures $19.2m loan from Qatar Development Bank

April 18th, 20180 Qatari owner S’hail Shipping and Maritime Services has reached a financing agreement with Qatar Development Bank. Under the agreement, Qatar Development Bank has...

Finance and Insurance

Scorpio Bulkers seals Japanese sale and leaseback for ultramax

April 18th, 20180 Scorpio Bulkers is selling its 2015-built ultramax to an unaffiliated third party in Japan for $19m. The vessel is being leased back by Scorpio on a five-year...

Finance and Insurance

NYK becomes world’s first shipping line to offer green bonds

April 17th, 20180 Next month Japan’s Nippon Yusen Kaisha (NYK) will become the first shipping line in the world to offer green bonds to raise capital. A green bond is one in which...

Finance and Insurance

Scorpio Bulkers seals kamsarmax financing

April 4th, 20180 Scorpio Bulkers has been given a loan facility commitment for up to $12.75m to finance a kamsarmax newbuilding due for delivery in the third quarter of 2018. The...

Finance and Insurance

Shipping’s false idols of equity and debt

March 28th, 201814 A colleague’s piece I read recently mixed up some of his financial terms in an obvious market shorthand manner that reminded me how seasoned investors fudge their...

Finance and Insurance

Italian bank readies to offload shipping loans

March 27th, 20180 Genoa-based lender Banca Carige has put up for sale the financial exposures of three shipping companies which are worth some $750m. The loans classified as ‘unlikely...

Finance and Insurance

Nord/LB privatisation on the cards

March 26th, 20180 Multiple German news outlets are reporting that yet another big name in German ship finance is being readied to be sold off. Hanover’s Nord/LB, one of the largest...

Finance and Insurance

Dorian LPG secures another Japanese sale and leaseback

March 22nd, 20180 Gas carrier operator Dorian LPG has entered into a $70m sale and bareboat charter arrangement for 2015-built VLGC . It is the third VLGC sale and leaseback deal the...

Finance and Insurance

HSH sale draws ire from bondholders

March 7th, 20183 Bondholders who collectively own more than EUR 1bn ($1.24bn) of tier 1 instruments and upper tier 2 instruments issued by HSH Nordbank have expressed their concerns over...

Finance and Insurance

Themes that will dominate ship finance for the next 12 months

March 6th, 20180 There’s been some pretty big wake-up calls for traditional ship finance players in recent months with a raft of tech firms coming in trying to usurp their places....

Finance and Insurance

Ocean Yield raises cash for more ships

March 1st, 20180 Norway’s Ocean Yield has completed a private placement raising NOK759m ($96m), funds which it intends to use to finance investments in more vessels. The fund raiser...

Finance and Insurance

HSH Nordbank sold for $1.22bn

March 1st, 20180 Over a year since the sale process was launched, the federal states of Hamburg and Schleswig-Holstein have reached an agreement to sell HSH Nordbank, making it the...

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Splash Dash

LNG not shipping’s green panacea, as IEA warns of ‘huge disruption’ over looming 2020 sulphur cap
A report out this week suggests LNG is not the panacea for shipping’s fuel concerns now that... Apr 19th, 2018 inEnvironment
Sinokor to take over 30 feeder boxships from Vroon
South Korean owner Sinokor Merchant Marine is taking over a fleet of 30 feeder containerships from... Apr 19th, 2018 inContainers
Weekly Broker: En bloc deals dominate
Activities in the secondhand bulker sale and purchase market kept up a steady trend this week after... Apr 19th, 2018 inOperations
Grindrod completes historic sale of its bunker division
South African transport giant Grindrod has sold its bunker subsidiary, Unicorn Bunker Services, for... Apr 19th, 2018 inBunkering
Lessons for effective and sustainable safety communications in the logistics industry
Des McGowan from Insync ponders whether we should focus on safety compliance or safety... Apr 19th, 2018 inContributions
International Transport Forum calls for greater, more harmonised use of port-based incentives
Port-based financial incentives to mitigate greenhouse gas (GHG) emissions currently remain... Apr 18th, 2018 inEnvironment

Tsakos finds a buyer for its oldest VLCC

Klaveness launches dedicated new combination carrier company

Vincent Bolloré charged with corruption

Troubled kamsarmax arrested and set for auction

Vantage Drilling jackup awarded Gabon contract by Total

Erin Energy files for chapter 11 bankruptcy protection

McDermott management stands firm in face of growing Subsea 7 overtures

Norvic Shipping: Fleet about to broach the century mark

19 tankers being held by Houthis in Yemen

KOTC splashes for four MRs at Hyundai Mipo

Former BP boss Browne joins Israeli maritime startup’s board

KOTC tanker fleet set to double through to 2040

Captain of bulker that sparked huge Indonesian oil spill faces lengthy jail sentence

Sembcorp Marine and GTT sign licensing agreement

MOL consolidates logistics business under new brand

Singapore collaboration to develop autonomous vessels

Shenghang Shipping looks to establish financial leasing arm

Lawsuits pile up against embattled Noble Group

Yangzijiang Shipbuilding acquires major stake in domestic bulker owner

CSC Phoenix reports risk of capacity shortage

KfW IPEX-Bank joins green ship recycling initiative