Finance and Insurance
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Grindrod Shipping seals sale and leaseback deal for product tanker
Singapore-based Grindrod Shipping has entered into a sale and leaseback transaction with a Japanese leasing house for its 2016-built MR…
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Restructured Bourbon plans to offload nearly a quarter of its fleet
French offshore vessel owner Bourbon is coming out of reorganisation proceedings after its restructuring was approved by creditors and validated…
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Shearwater GeoServices seals $437m refinancing
Seismic joint venture Shearwater GeoServices has entered into an agreement to refinance the majority of her company’s debt. The new…
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Banks show the carbon footprint of the ships they finance
In a first-of-a-kind climate finance report, 15 signatories of the Poseidon Principles have disclosed the climate alignment score of their…
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Seadrill’s forbearance agreements with creditors expire
Forbearance agreements inked between creditors and John Fredriksen’s Seadrill expired yesterday, leaving the drilling firm exposed to legal battles if…
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DZ pulls the plug on DVB Bank
The parent of loss-making DVB Bank has decided to call time on one of the most famous names in ship…
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Drone survey suggests ONE Apus cargo claims could top $200m
Unloading of containers of the badly damaged is proceeding slowly at the Japanese port of Kobe with the operation to…
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Korea Ocean Business Corporation to enter ship leasing
The Korea Ocean Business Corporation (KOBC), a state-run entity aimed at supporting the local shipping and shipbuilding industry, is looking…
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Algoma Central secures refinancing
Canadian Great Lakes operator Algoma Central Corporation has completed a refinancing of its senior secured credit facilities that were due…
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The year ahead in ship finance
As is customary at this time of the year the editor asks me for my take on key themes in…
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Julian Proctor helps mastermind $2.1bn clean newbuild fundraising
EnTrust Global has pulled off a stunning $2.1bn raise for its Blue Ocean Funds with a well known name in…
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Baltic Exchange targets banks with new investor indices
The diversification of business streams at London’s Baltic Exchange, now owned by the Singapore Exchange, shows no sign of letting…
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CSSC Shipping fixes suezmax deal with the Restis family
Greece’s Restis family has sold a suezmax to CSSC Shipping, according to a release on the Hong Kong Stock Exchange…
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Seacor Holdings sold to private equity for $1bn
Wall Street is losing another name in shipping. US transport and logistics firm Seacor Holdings has entered into a definitive…
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Insurance claims from ONE Apus box spill set to top $50m
The total insurance bill from the box spill this week is set to top $50m. More than 1,900 containers –…
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Danish Ship Finance discusses stranded assets and peak seaborne trade volumes in new report
Danish Ship Finance has released its latest shipping market review. The 69-slide presentation, led by Christopher Rex, has a strong…
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Seadrill Partners files for chapter 11
Seadrill Partners, the limited liability company formed by John Fredriksen’s Seadrill Limited has filed for chapter 11 after negotiations with…
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Euroseas seals three new charter deals as Pittas converts loan to shares
Greek boxship owners Euroseas has announced two new charter deals and an extension, as well as the conversion of a…
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Antong Holdings secures $688m for restructuring
Financially troubled Chinese containership operator Antong Holdings has secured restructuring funds of RMB4.527bn ($688m) from investors. Fujian Zhaohang Logistics Management,…
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PGS launches scheme of arrangement to implement restructuring
Norwegian offshore survey specialist PGS has launched a scheme of arrangement in the UK via the issuance of a practice…
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