Finance and Insurance
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Allianz enters offshore wind with investment in Dutch 1.5 GW project
German insurer Allianz, via its Allianz Capital Partners (ACP), has sealed an agreement with compatriot chemicals giant BASF to purchase…
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Höegh LNG tables buyout deal for Höegh LNG Partners
Norway’s Höegh LNG has proposed to acquire all publicly held common units of Höegh LNG Partners in exchange for $4.25…
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3i Infrastructure to take full ownership of Esvagt in $355m deal
London-listed private equity fund 3i Infrastructure has agreed to acquire AMP Capital’s remaining 50% investment in Danish offshore shipping company…
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DEME to split from parent CFE
Belgium-based marine contractor DEME is to separate from its industrial parent group CFE and go public on the Brussels stock…
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Windward set for first maritime tech IPO in London
Israeli predictive maritime intelligence firm Windward has lined up a £34.5m ($46m) initial public offering on the London Stock Exchange’s…
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Diana’s spinoff OceanPal surges on first day of trading
Shares of Diana Shipping’s Nasdaq-listed spinoff OceanPal skyrocketed on the first day of trading, closing close to 47% higher. The…
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Dutch green shipping fund launches
Dutch ship finance specialists PROW Capital have launched a €420m ($471m) green shipping fund that provides credit to shipowners for…
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Wakashio owner seeks to limit damages payout
The owner of the wreck of the newcastlemax bulk carrier has sought to limit claims from the accident to about…
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ADNOC Logistics & Services tipped to go public
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the state-owned Abu Dhabi National Oil Company…
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JP Morgan joins Havfram to build wind turbine installation vessels at CIMC Raffles
US investment firm JP Morgan has teamed up with Norway-headquartered subsea and offshore wind contractor Havfram to build a series…
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Höegh Autoliners IPO oversubscribed
Norwegian car carrier player Höegh Autoliners, which is set to be listed on Euronext Growth Oslo, has seen its initial…
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Container shipping lines smash profits made by Facebook, Amazon, Netflix and Google
Shipping, long castigated for its lack of appeal to millennials and Gen Z, has chalked up an impressive stat to…
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Investors lap up Maersk’s green pitch on methanol newbuilds
A.P. Moller – Maersk has launched what it describes as its Green Finance Framework designed to allow the company to…
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Seadrill appoints new board of directors
Offshore driller Seadrill is bringing in some of the industry heavyweights to take over the leadership of the new parent…
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Maritime Logistics Equity Partners targets up to 20 more chemical tankers
Maritime Logistics Equity Partners (MLEP) is looking to acquire between 15 and 20 chemical tankers with a war chest of…
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Sovcomflot seals financing for Sakhalin shuttle tankers
Russian shipowner Sovcomflot has inked a new ten-year $110m credit facility with three international banks to finance two new ice-class…
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Höegh Autoliners steers towards Oslo listing
While one car carrier offering has just hit a dead end on the Oslo Bors, a rival is revving up…
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Spetalen could vote against Noble and Maersk Drilling merger
Øystein Stray Spetalen’s S.D. Standard Drilling is considering voting against the proposed merger between Noble and Maersk Drilling, raising concern…
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Olympic Subsea reaches debt restructuring deal
Norwegian offshore player Olympic Subsea has reached an agreement with a majority of its bank lenders for a restructuring of…
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Gram Car Carriers postpones Oslo initial public offering
Gram Car Carriers has decided to postpone its initial public offering in Oslo citing the prevailing conditions in the primary…
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