Finance and Insurance
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Golden Energy Offshore buys five Vroon ships for $94m
Norway’s Golden Energy Offshore Services (GEOS) has struck a deal to buy five ships from Vroon Holding for $94m. The…
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Euronav adds $190.5m to sustainability-linked financing
Belgian tanker owner Euronav has clinched a new sustainability-linked loan to finance four newbuilds entering service this year. The $190.5m…
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Why investing in dry bulk companies is a bad idea
Pierre Aury revisits a popular topic for his latest monthly column. Back in February we painted a dire picture of…
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Ocean Yield debuts sustainability-linked lease with four LR1 newbuilds for Braskem
Norwegian owner and sale and leaseback player Ocean Yield has struck a deal with New York-listed petrochemicals firm Braskem to…
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Maritime gets an ESG index
The University of Plymouth and the National and Kapodistrian University of Athens, alongside an advisory committee of industry experts, have…
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Octopus Energy to invest $20bn in offshore wind by 2030
Britain’s Octopus Energy is to invest $20bn through its generation unit in offshore wind by 2030. The investment will go…
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Jacktel taps Maritime Asset Partners for $80m loan
Norway’s Jacktel has secured an $80m loan from a subsidiary of London-based ship finance boutique Maritime Asset Partners. The offshore…
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OceanPact takes over DDW Offshore’s AHTS pair
Brazilian offshore vessel owner and services provider OceanPact Serviços Marítimos has taken over a pair of anchor handling tug supply…
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Yangzijiang Financial buys into chemical tanker pair
Singapore-listed Yangzijiang Financial Holding has splashed over $30m to pick up stakes in two chemical and product tankers and entered…
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Wan Hai debuts Taiwanese sustainability linked financing
Taiwan’s Wan Hai Lines has concluded a 10-year $95m sustainability-linked financing deal with Standard Chartered Bank, claiming the country’s first…
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PGS secures new $75m financing deal
Norwegian seismic vessel player PGS has secured more breathing room with a new $75m loan to partly refinance its existing…
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Port of Argentia expansion gets $38m in government funding
The Canadian authorities will be investing up to $38m to improve cargo movement at the Port of Argentia. The project…
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Europe’s banking retreat from ship finance continues
An annual survey from Greece has shown how the market share of European banks as a source of global ship…
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Nicolas Saverys fails in first bid to take Exmar private
Nicolas Saverys has not been successful in his initial bid to take over Belgian gas shipowner and infrastructure provider Exmar.…
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Former ABN Amro shipping head Joep Gorgels joins Greenstar Capital
Veteran financier Joep Gorgels has emerged as senior advisor for shipping at Greenstar Capital, an Amsterdam-based fund offering investment opportunities…
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Livanos wraps up GasLog Partners buyout
Peter Livanos-controlled GasLog has completed a merger with its affiliate, GasLog Partners. The deal saw GasLog take the owner of…
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Shipping insurance broker duo team up in Marine Alliance JV
Hamburg-based marine insurance broker Marine Assekuranz has partnered up with Norway’s Fram Insurance Brokers under the Marine Alliance banner. The…
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MSea Capital secures $30m debt refinancing
Maritime Finance, part of First Citizens Bank’s CIT division, has arranged the refinancing of MR product tankers worth up to…
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Jinjiang Shipping targets $416m from Shanghai listing
Jinjiang Shipping, the liner unit of Shanghai International Port Group (SIPG), has put a number on its proposed initial public…
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DHT seals funds for latest VLCC purchase
DHT Holdings has revealed a new secured credit facility that will be used to finance recently acquired modern VLCC. End-May,…
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