Finance and Insurance
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Dee4 Capital: Short-term market dislocations coupled with long-term value
Carsten Mortensen is back, hunting product tanker opportunities with a new fund. The former CEO of both BW and Norden…
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Beyond 2020
The editor told me the world is my oyster, I have a free rein to discuss what I like in…
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Mike Webber returns with his own research firm
One of shipping’s best known analysts is back with his own firm. Mike Webber, who resigned from Wells Fargo Securities…
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Arne Fredly extends $15m credit line to Hunter Group
Arne Fredly’s Oslo-listed pure-play VLCC company Hunter Group, via subsidiary Hunter Tankers, has entered into a $15m revolving credit facility…
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Bumi Armada secures $75m financing support from major shareholder
Malaysian offshore service provider Bumi Armada has received up to RM317m ($75m) of financing from Mezzanine Equities, a unit of…
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Global Ship Lease raising $40m for fleet growth
London-based containership owner Global Ship Lease (GSL) has commenced a $40m public offering of its Class A common shares. The…
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Seaspan eyes vessel acquisitions after sealing $500m finance deal
Seaspan Corporation has closed an additional $500m funding via its portfolio financing program, cash it says will be used to…
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Dynagas LNG Partners secures $675m refinancing
George Procopiou-led Dynagas LNG Partners has secured a syndicated loan of $675m from a group of international banks. The credit…
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Global Ship Lease secures $268m facility for debt refinancing
UK-based containership charter owner Global Ship Lease (GSL) has agreed a new syndicated $268m credit facility with a number of…
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Oman Shipping secures $110m financing for five vessels
Oman Shipping, part of Asyad Group, has entered into a new $110m financing deal with Standard Chartered to refinance three…
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IUMI delegates address myriad industry concerns
Delegates attending the annual gathering of the International Union of Marine Insurance (IUMI) in Toronto have been told their industry…
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Sovcomflot and NYK seal $176m LNG vessel refinancing incorporating Poseidon Principles
Sovcomflot and NYK Line have sealed a new $176m credit facility which will be used to refinance LNG carriers Grand…
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Hapag-Lloyd debuts online marine insurance offering
German containerline Hapag-Lloyd is now giving customers an online marine insurance offering direct from its own website. Quick Cargo Insurance…
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Charcoal faces IMO grilling as number of boxship fires ignites
Major containership fires are on the up this year, averaging one a month in 2019, bucking this century’s already alarming…
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Epic Gas refinances LPG carrier pair
Singapore-based LPG shipping company Epic Gas has completed the refinancing of 2010-built 7,200 cu m LPG carriers Epic Bali and…
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Ocean Yield raises $125m for new investments
Norway’s Ocean Yield has raised $125m via a new perpetual hybrid callable bond, funds it says it will use for…
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Shreyas Chipalkatty takes Michael Parker’s position at Citi
Michael Parker, Citi’s famous ship finance veteran, has moved to a new role with Shreyas Chipalkatty taking his place. Parker…
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Navios Acquisition refinances 10 product tankers via sale and leaseback arrangements
Angeliki Frangou’s Navios Acquisition has revealed a series of sale and leaseback transactions in its latest set of quarterly results.…
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Value Investor’s Edge: ‘Shipping analysts have been blown out of the water year after year’
J Mintzmyer is an increasingly rare species – a shipping stock analyst, moreover he’s a guy who actually picks out…
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Splash Podcast: finance and forest fires
The second episode of the Deep Dive, Splash’s brand new podcast, launches today. Recorded at the Glyfada home of Dagfinn…
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