Finance and Insurance
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Cash-strapped Lamprell in takeover talks
Financially troubled Lamprell has seen its shares plummet as it said it was exploring funding options and that it had…
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DOF seals debt restructuring deal
Oslo-listed OSV operator DOF and its subsidiary DOF Subsea have entered into an agreement with a larger number of creditors…
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Offshore wind spending to pass $100bn mark in 2030
The offshore wind industry is expected to experience a surge in installations and investments this decade, with total capital expenditure…
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Golden Energy Offshore extends payment deadline for PSV pair
Norwegian owner Golden Energy Offshore Services (GEOS) has reached a mutual understanding with China’s offshore yard, Nantong Rainbow Offshore (ROC),…
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Sovcomflot finds class and insurance solutions to keep trading internationally
Russian shipping has come up with both domestic and Asian solutions to keep its fleets operating during the ongoing war…
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Cosco Shipping president takes up SDIC chairman role
State Development & Investment Corporation (SDIC), the largest state-owned investment holding company in China, has announced the appointment of Fu…
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Siem Offshore scraps plan to relocate to Norway
Cayman Islands-incorporated offshore support vessel player, Siem Offshore Inc (SIOFF), has dropped plans for re-domiciliation of the company whereby a…
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Cosco Shipping Development names new chairman
Cosco Shipping Development, the financing arm of Chinese state giant Cosco Shipping, has appointed Liu Chong as its new chairman,…
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General Motors backs Norwegian floating offshore wind tech
US carmaker General Motors’ venture capital arm has led an investment round of up to $10m to help fund the…
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Ever Given insurance claims to top $2bn
French reinsurer SCOR has estimated claims relating to the 2021 grounding of the containership in the Suez Canal will top…
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Spetalen moves to increase stake in five PSVs
Øystein Stray Spetalen-backed Standard Supply has made an offer to shareholders in Northern Supply to acquire shares in the company…
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Spetalen banks on offshore recovery with PSV unit listing
Øystein Stray Spetalen’s investment vehicle S.D. Standard ETC (SDSD), formerly known as Standard Drilling, has moved to raise NOK150m ($16m)…
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Maroulis takes over from Chipalkatty at Citi
Citi has promoted from within for a replacement for Shreyas Chipalkatty as head of its shipping division. Vassilios Maroulis, a…
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The tanker fallout from impending Russian insurance ban
The likely insurance ban that both the UK and the European Union are looking to put on any tankers carrying…
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Boskalis adopts neutral stance on HAL takeover
Dutch dredging and marine services provider Boskalis has reached an agreement with its major shareholder HAL about the non-financial conditions…
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PSG joins Maersk and Cargill to bolster cleantech startup ZeroNorth with $50m fresh funding
Maersk Tankers’ digital solutions spinoff ZeroNorth has raised over $50m in investment during its recently concluded funding round that should…
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Pelagic Partners bags product tanker brace
Cypriot alternative investment fund Pelagic Partners has bolstered its product tanker fleet. Newly established Pelagic Yield Fund has purchased two…
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Cbus buys into Australia’s leading offshore wind project
Australia’s building and construction super fund, Cbus Super, has acquired a 10% stake in the 2.2 GW Star of the…
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The growing role of private equity in maritime
Manish Singh has been a leading collaborator with private equity institutions focused on investing in and consolidation within the maritime…
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Freightos to list on the NASDAQ
Freight booking and payment platform Freightos will list on the NASDAQ via a combination with Gesher I Acquisition Corp, a…
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