Finance and Insurance
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NYK buys into tanker operator Uyeno Transtech
Japan’s Nippon Yusen Kaisha (NYK) has acquired a 10% ownership interest in domestic tanker operator Uyeno Transtech as part of…
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European shipping fund garners significant backers
Investment firm Ness, Risan & Partners (NRP) has created a new maritime fund. The Premium Maritime Credit Fund created by…
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Gram Car Carriers strikes sale and leaseback deal with CSSC Shipping
Norway’s Gram Car Carriers has entered into a sale and leaseback agreement with CSSC Shipping, the financial leasing unit of…
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Top Ships’ newbuildings fully funded with series of new deals
Top Ships has secured several new deals to fund its recently delivered very large crude carrier (VLCC) and the remaining…
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Idan Ofer-backed LNG carrier spinoff seals $570m loan
Idan Ofer-backed Golar LNG spinoff CoolCo has secured sustainability linked $570m bank loan to finance the acquisition of six of…
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Spetalen-backed hydrogen bunkering player set for Oslo listing
Norwegian hydrogen bunkering firm Hyon, whose majority owners include Nel, Norwegian Hydrogen and Øystein Stray Spetalen’s Saga Pure, plans to…
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Seadrill New Finance to become Paratus Energy Services as it exits chapter 11
Seadrill New Finance has emerged from the Chapter 11 process and is to become Paratus Energy Services after completing its…
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Belships unlocks cash in sale and leaseback deal for ultramax pair
Norwegian owner Belships has entered into a sale and leaseback deals for two of its ultramax bulk carriers. The 2015-built…
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Fredriksen brings back Jensen
Jens Martin Jensen is set to rejoin shipping magnate John Fredriksen six years after he left the group, where he…
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Safety warning as old containers are pressed back into service
TT Club, an insurance company, has warned on the risks of more and more old containers being pressed back into…
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Castor Maritime seals $55m financing and new charter
Nasdaq-listed Castor Maritime has closed a $55m senior term loan facility with a European bank and secured a new fixture…
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SIPG to spin off shortsea container shipping unit
Shanghai International Port Group (SIPG) intends to spin off and list its shortsea container shipping subsidiary Jin Jiang Shipping. The…
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Alantra establishes ship finance team
Alantra, an alternative asset management, investment banking, and credit portfolio advisory firm, has recruited a maritime and offshore investment banking…
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Helmut Ponath takes full control of NSB
Helmut Ponath has bought out all other shareholders and now controls 100% of the German shipping company, NSB, which he…
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Maersk ups profit guidance again after bumper quarter
A.P. Moller-Maersk has once again upgraded its full-year guidance on better than expected fourth quarter earnings, backed by record freight…
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Green Energy Group to raise new funds, mulls vessel sale
Green Energy Group, formerly Seabird Exploration, has hired Fearnley Securities as bookrunners for a private placement of new shares to…
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Gram Car Carriers returns for second try at Oslo listing
Norway’s Gram Car Carriers has revived plans to list in Oslo, two months after pulling a possible $110m initial public…
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Ship finance in 2022
A ‘tidal wave’ of liquidity washed into the industry last year. What will be the dominant ship finance themes over…
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Equinor writes down $1.8bn at UK North Sea oilfield
Norway’s Equinor has revised its estimate of the total recoverable reserves in the Mariner field in the UK North Sea…
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Lenders to take control of Vroon
Ownership of Vroon will change hands after the ailing Dutch shipowner reached a refinancing agreement with its lenders. The substantial…
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