Finance and Insurance
-
$1.14bn of venture funding invested in maritime last year
Over $1bn was invested in technology companies working in the maritime sector in 2019 according to a new report published…
Read More » -
Höegh LNG secures $80m financing
Höegh LNG Holdings has secured commitment letters for a revolving credit facility of up to $80m, using the company’s common…
Read More » -
China Merchants Energy Shipping raises $519m from share issue
China Merchants Energy Shipping (CMES) has completed a plan to raise funds through issuing new shares to a number of…
Read More » -
DeA Capital takes control of four Italian tankers
IDeA Corporate Credit Recovery II Shipping Fund, a turnaround vehicle managed by DeA Capital Alternative Funds, finished its 2019 with…
Read More » -
Radziwill ditches Nasdaq plans
John Michael Radziwill’s GoodBulk has officially yanked its American initial public offering plans, withdrawing its Nasdaq filing earlier this week.…
Read More » -
Euronav offloads three Chinese VLCCs
Belgian tanker giant Euronav has entered into a sale and leaseback agreement for three VLCC vessels with Taiping & Sinopec…
Read More » -
Oman Shipping secures $80m financing
Oman Shipping Company, part of the ASYAD Group, has secured a $80m financing facility from Abu Dhabi Islamic Bank to…
Read More » -
Diamond S Shipping seals new $525m credit facility
New York-listed Diamond S Shipping (DSS) has closed a five-year $525m credit facility, funds which will be used to repay…
Read More » -
MOL secures green loan to finance LNG bunkering vessel
Japanese owner Mitsui O.S.K. Lines (MOL) has secured its first green loan from BNP Paribas and the Export-Import Bank of…
Read More » -
Top Ships secures financing for newbuilding pair
Greek tanker owner Top Ships has entered into an agreement with a major Chinese financier to secure up to $60.2m…
Read More » -
The ghost of shipping’s Christmas future
It’s Christmas in Airdrie in Scotland, but Mr Prospector’s dreams take a somewhat darker turn. Last week marked the turning…
Read More » -
GasLog secures $1bn financing for newbuild programme
Peter Livanos’ GasLog has signed an export credit agency-backed debt financing of $1.05bn with twelve international banks. The facility will…
Read More » -
DVB quits shipping
One of the most famous names in European ship finance is exiting the sector after its parent failed to find…
Read More » -
Cosco Shipping Leasing secures $229m loan support
Cosco Shipping Development has announced that its financial leasing unit Cosco Shipping Leasing has applied for loans totalling RMB1.61bn ($229m)…
Read More » -
China’s rise to the top
Across Marintec China in Shanghai today the latest issue of Maritime CEO magazine launches. Dagfinn Lunde reacts to news that…
Read More » -
CDB Leasing buys MSC boxship pair from SinoOceanic Shipping
China’s CDB Leasing has acquired 9,400 teu boxship pair MSC Elma (built 2016) and MSC Romane (2017) from HNA Group’s SinoOceanic Shipping.…
Read More » -
Frontline seals $544m sale and leaseback with ICBC for Trafigura suezmaxes
John Fredriksen’s Frontline says it has struck a deal with China’s ICBC Financial Leasing for the sale-and-leaseback of ten suezmaxes…
Read More » -
Castor Maritime seals loan for further fleet growth
Greek dry bulk owner Castor Maritime has sealed an $11m secured term loan facility with Alpha Bank, which it expects…
Read More » -
The quarterly sandwich technique
Mr Prospector has found the time to go through 43 recent earnings reports. He is less than impressed. The gloomy…
Read More » -
Maritime CEO Forum: Paul Over’s shipping masterclass
The traditional start to any Maritime CEO Forum around the world is to get an analyst in the hot seat…
Read More »