Finance and Insurance
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Share prices of global liners leap 400% during the pandemic
Investors have piled into the red-hot container shipping market, sending share prices for top liners skywards. Alphaliner has run the…
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Valaris emerges from chapter 11
Offshore driller Valaris has completed its financial restructuring and emerged from chapter 11, with its plan approved and confirmed by…
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Axxis Geo Solutions seals restructuring consent
Financially troubled ocean bottom node seismic player Axxis Geo Solutions has received creditors’ approval for its restructuring plan after it…
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Ed Buttery confirms London IPO plans
Ed Buttery-led Taylor Maritime Investments today confirmed Splash exclusive news from earlier this month that the company will proceed with…
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Regulatory purgatory is heaven for rates
Well, what a wonderful position shipowners find themselves thanks to regulatory purgatory. The waiting for confirmation of the next stage…
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The questions you need to ask about your supply chain finance
Søren Høll, CEO, KPI OceanConnect, on lessons learned from the collapse of Greensill Capital. Greensill Capital launched with an ambition…
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SGX launches cape and handy FFA trades
Singapore Exchange (SGX) has added four new forward freight agreement (FFA) and futures contracts in the capesize and handysize segments,…
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Eurazeo sets up €300m green maritime fund
Paris-based private equity investor Eurazeo is launching a sustainable maritime infrastructure thematic fund, which will finance more environmentally friendly infrastructures…
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Standard Chartered signs up to the Poseidon Principles
Standard Chartered announced today that it has become a signatory to the Poseidon Principles, a global framework that aims to…
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World Bank urges governments to stop spending on LNG bunkering infrastructure
The World Bank has a new report out this week on decarbonising maritime transport in which it specifically recommends countries…
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Julian Proctor leads new green leasing entity
Julian Proctor is spearheading a new green shipping leasing company. The ex-Tiger Group executive joined asset management firm EnTrust Global…
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Navios Acquisition gets up to $100m loan from Angeliki Frangou-linked firm
New York-listed tanker owner and operator Navios Maritime Acquisition has secured an up to $100m loan from a subsidiary of…
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Global Shipping Business Network seals first banking tie-up
Blockchain grouping Global Shipping Business Network (GSBN) has teamed with Bank of China (Hong Kong) in a bid to help…
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Euronav seals $95m green financing deal
Belgian tanker giant Euronav has inked a deal for a €80m ($95m) unsecured sustainability linked revolving credit facility, taking its…
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Hamburg Commercial Bank makes play for Asian shipping business
Philip Clausius-led Transport Capital has formed a new partnership with German lender Hamburg Commercial Bank (HCOB). Transport Capital will exclusively…
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Taylor Maritime targets London listing
With handy bulk carriers going through an exceptional earnings streak, one rising name in the trade is gearing up for…
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Norwegians buy 50% stake in Ørsted’s Borssele 1 & 2 offshore wind farm
Norges Bank Investment Management (NBIM), an asset management division of the Norwegian central bank, is to acquire a 50% ownership…
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Takeover of Seacor Holdings nearing completion
In December 2020, Seacor Holdings, a company publicly traded on the New York Stock Exchange, announced that it had entered…
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Harris Antoniou returns with new leasing company backed by the Latsis family
Veteran financier Harris Antoniou is back in business with a new leasing company based out of Jersey in the UK,…
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Seadrill eyes $4.8bn debt write-off
John Fredriksen’s offshore drilling firm Seadrill has put forward a plan to write-off just over $4.8bn of debt, according to…
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