Finance and Insurance
-
France and South Korea top maritime state aid handouts during Covid-19
Governments have been dishing out billions of dollars in shipping aid packages during the Covid-19 pandemic with very few strings…
Read More » -
Nordic American Tankers seals suezmax tanker financing with Ocean Yield
Herbjorn Hansson-led Nordic American Tankers (NAT) has signed a financing agreement to fund 80% of the newbuilding price of two…
Read More » -
Banks will shun shipping post-Covid
For all the talk that shipping will escape 2020 as one of very few industries to have had an improved…
Read More » -
Vogemann: Pioneering green finance move leads latest issue of Maritime CEO
A new issue of Maritime CEO magazine launches today packed with the views of shipowners, industry experts and market analysts.…
Read More » -
Waterworks change course from shipbroking to offshore renewable sector financing
Hamburg-based shipbroking house Waterworks Offshore Services has announced that the company has switched its focus to ship finance in the…
Read More » -
OECD details sweeping changes to how shipping ought to pay its taxes
International shipping is coming under fresh pressure to review how it pays taxes with the Paris-based Organization for Economic Cooperation…
Read More » -
Zenith Capital seals two new maritime investments
New York-based Zenith Capital Partners has revealed it has recently completed two new investments in the maritime and energy sectors.…
Read More » -
Swire Blue Ocean to list in Oslo with new name
Singapore’s Swire Pacific Offshore is listing its Danish offshore wind subsidiary Swire Blue Ocean on the Oslo Stock Exchange. Swire…
Read More » -
Tepid launch for Sovcomflot’s long-awaited IPO
Sovcomflot, Russia’s top shipping line, had a tepid launch yesterday on the Moscow Stock Exchange. The company’s shares fell after…
Read More » -
Taconic Capital takes ownership of Liberty di Navigazione bulker
Investment fund Taconic Capital is the new owner of 2011-built post-panamax bulk carrier . The ship was controlled by Liberty…
Read More » -
Dee4 taps Japan for next tranche of financing
Carsten Mortensen-led Dee4 has fixed loans with Japan’s Mizuho Marubeni Leasing (MML) Corporation to finance up to three further vessels.…
Read More » -
John Fredriksen increases stake in Avance Gas
John Fredriksen continues to increase his stake in pure-play VLGC shipowner Avance Gas with the acquisition of a substantial number…
Read More » -
Borr Drilling shores up financial position
Norwegian offshore driller Borr Drilling has improved its financial position with the negotiating of a new agreement with lenders. The company…
Read More » -
Novatek secures FSU financing from Gazprombank
Russian gas producer Novatek has secured a loan of EUR522m with a period of 16 years from Gazprombank to finance…
Read More » -
Sovcomflot closes in on $500m Moscow IPO
Sovocmflot, Russia’s largest shipowner, has floated the idea of listing on the Moscow Exchange again. The state-run company has long…
Read More » -
GC Rieber given financial boost with relaxation of credit facilities
Norway’s GC Rieber Shipping has been given a financial boost after sealing amendments to its two subsea and renewables credit…
Read More » -
A practical way to deal with the shameful maltreatment of 600,000 people
We can’t go on like this. We all know it. The frequency of silly little accidents that pop up in…
Read More » -
MSC seals deal to take 49% stake in Messina
MSC has finally taken a 49% stake in the Ignazio Mesina & C. shipping group, with the deal formally announced…
Read More » -
Oslo Børs finally set to delist Emas Offshore
Norway’s Oslo Børs is finally set to delist Ezra Holdings’ group company Emas Offshore, having first moved to delist the…
Read More » -
Bunker spill detected from burnt VLCC off Sri Lanka
Adam Polemis’s New Shipping and his recently selected P&I Club are facing a sizeable bill for the ongoing operation to…
Read More »