Finance and Insurance
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Cosco Shipping Leasing applies for more funding
Cosco Shipping Development has announced that its subsidiary Cosco Shipping Leasing plans to apply for a RMB400m ($56m) credit facility…
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CMA CGM secures $1.14bn loan and state guarantee
France’s CMA CGM, the world’s fourth largest containerline, has secured a state loan guarantee linked to the coronavirus crisis, with…
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Scorpio Bulkers offloads $42.8m worth of Scorpio Tankers shares
Emanuele Lauro’s Scorpio Bulkers has raised funds by selling 2.25m shares in sister company Scorpio Tankers. Scorpio Bulkers sold the…
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Solstad Offshore seals financial restructuring with will see fleet reduced by 37 vessels
Solstad Offshore, the Norwegian offshore vessel owning giant formed by the merger of Solstad Offshore, Deep Sea Supply and Farstad,…
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Scorpio Tankers seals new credit facilities, delays scrubber installations
Monaco-based Scorpio Tankers announced in its last quarterly report that it has obtained new finance from its banks. The Emanuele…
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Dorian LPG completes two financing deals
Dorian LPG has announced that the company has completed two major financing transactions. The company entered into a deal to…
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Navios Maritime Acquisition seals sale and leaseback for four product tankers
Navios Maritime Acquisition has entered into a $76.7m sale and leaseback arrangement with unrelated third parties in order to refinance…
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Surfing high amidst falling skies
Mitul Dave, a board member at Golden Sands Capital and managing director of AlphaSeas Management, on how the investor tides…
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PB Tankers survives with Pillarstone swooping for four of its tankers
Pillarstone Italy is further increasing its fleet of vessels under the control of its fund, Finav. The latest deal was…
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UK asset manager builds Euronav base
UK asset manager M&G has now built up a 5% shareholding in Euronav, the Belgian tanker giant revealed today in…
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CDB Leasing signs for eight newcastlemaxes at Chinese yards
China Development Bank Financial Leasing (CDB Leasing) has announced via the Hong Kong Stock Exchange orders for eight 210,000 dwt…
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North P&I adds hull and machinery in diversification drive
North P&I is now offering hull and machinery cover for ocean-going vessels, complementing the H&M insurance already available from Sunderland…
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Bluewater taps ex-Morgan Stanley shipping head
Calgary-based maritime investment firm Bluewater Acquisition Corp has appointed Fotis Giannakoulis as a director of the company. Giannakoulis was most…
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Climate Bonds Initiative turns to shipping
The Climate Bonds Initiative, an investor-focused not-for-profit organisation founded nine years ago, has published a draft shipping criteria and opened…
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Splash Extra: Chinese ship leasing feels the heat
The precarious state of many Chinese ship leasing houses – and their heavy exposure to the troubled aviation sector –…
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Hafnia to list on Oslo Børs tomorrow
Hafnia, the product tanker arm of the BW Group, has received approval from Oslo Børs to transfer its listing from…
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New cyber insurance product launches
Insurance giant Willis Towers Watson has unveiled a new type of cyber insurance product for shipowners that re-designs standard cyber…
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North boss details P&I’s response to the coronavirus outbreak
Paul Jennings, CEO of the North of England P&I Club and current chairman of the International Group of P&I Clubs…
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Hafnia to move onto the Oslo Stock Exchange
Hafnia, the product tanker arm of the BW Group, has applied to the Oslo Børs to transfer its listing from…
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Wah Kwong boss hails financial resilience of shipping during the coronavirus crisis
William Fairclough, the managing director of Hong Kong shipowner Wah Kwong Maritime Transport Holdings, has hailed the financial resilience of…
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