Finance and Insurance
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Constantin Baack promoted to chief executive role at MPC Capital
Constantin Baack, the chief executive of Oslo-listed tonnage provider MPC Container Ships has been selected to take the helm at…
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Sweden’s SEB adds shipping to 2030 net zero target
Swedish bank SEB has set a net zero-aligned 2030 target for the shipping sector in line with its commitment to…
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Why owners should look to sell ships now
The case to cash in and sell secondhand tonnage leads the April issue of Splash Extra, published today. Both newbuild…
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GEOS gets new majority shareholder as Oaktree sells out
Oslo-listed OSV pure play Golden Energy Offshore Services (GEOS) is getting a new majority shareholder after Oaktree Capital Management offloaded…
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SBM Offshore secures $250m FPSO construction loan
Dutch floater expert SBM Offshore has secured a $250m term loan facility for floating production, storage and offloading (FPSO) vessel…
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Marco Polo Marine fixes financing deal for CSOV newbuild
Singapore offshore vessel player and shipyard Marco Polo Marine, along with its Taiwan-based subsidiary PKR Offshore, has entered into a…
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Shipping braces for Israel’s response to Iranian attacks
Shipping has to contend with new danger zones following Iran’s attack on Israel over the weekend and the hijacking of…
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Singapore retains global shipping hub crown
Singapore’s maritime mantelpiece needs reinforcement, groaning from all the trophies, accolades and awards lavished towards the Lion Republic, the preeminent…
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Insurance pay-outs from Baltimore bridge disaster in the spotlight
Cargo insurer WK Webster is reporting that general average looks to have been declared by the owners of the wrecked…
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Petrofac reveals debt-for-equity talks
Energy services company Petrofac said on Friday it was still struggling to secure performance guarantees for new contracts and that…
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Dolphin Drilling agrees $40m private placement
Semisub rig owner Dolphin Drilling has raised NOK432m ($40m) via a private placement of some 72m shares. The company said…
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Hafnia shares start trading in New York
Shares in Hafnia, the world’s largest product tanker company, commenced trading on the New York Stock Exchange (NYSE) yesterday, to…
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Pelagic Partners grows exposure in offshore segment
Cyprus-based owner and shipping fund manager, Pelagic Partners, has bolstered its offshore portfolio with an investment in two platform supply…
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Höegh Autoliners closes $920m financing
Norway’s Höegh Autoliners has secured $920m in new financing for newbuilds, secondhand purchases, repayment of existing debt and bolstering liquidity.…
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Shearwater agrees $700m refinancing
Norway’s Shearwater Geoservices, the world’s top seismic vessel player, has completed the refinancing of its long-term debt. The Bergen-based firm…
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Salvors wait for improved weather in Baltimore
Appalling weather conditions are set to ease in the coming days making salvage operations at Baltimore port easier. One of…
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‘Pancaked’ bridge wedged in mud hampers Baltimore salvage ops
Sonar images released yesterday show the magnitude of the job that divers and salvage workers face as they begin to…
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Hafnia to start trading on NYSE next week
After Hafnia, the world’s largest product tanker owner, announced late last year that it was pursuing a secondary listing in…
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Baltimore salvage ops prove more challenging than expected
Ahead of what will be years of legal wrangling, the owner and manager of the world’s most discussed ship, the…
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Morgan Stanley invests in Pasha Group
Morgan Stanley Infrastructure Partners (MSIP) has invested in the US family-owned shipping company, The Pasha Group. The private infrastructure investment…
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