Finance and Insurance
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Contrasting fortunes for top shipowning nations
London: Statistics from UK online ship pricing vehicle VesselsValue.com show contrasting fortunes for the world’s top 10 shipping nations. The…
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ABN Amro cooperates with Sinosure
Beijing: Dutch bank ABN Amro has signed a memorandum of understanding with China Export & Credit Insurance Corporation (Sinosure) for…
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Major investor tells Stealthgas to boost shareholder value
Athens: One of Stealthgas’ major shareholders has told the chairman of the board that the LPG carrier owner must enhance shareholder…
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Report finds technology improvements not improving navigation
Gothenburg: Despite years of improved technology and the widespread implementation of safety management systems, navigational claims remain at the same…
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Petro-piracy insurance cover introduced
London: Insurance cover is coming to a specific threat in Southeast Asia. Specialist marine insurance intermediary, Seacurus, has developed a…
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Marine Assets Corporation hit by hackers
Dubai: Canadian miner Nautilus Minerals and Dubai’s Marine Assets Corporation (MAC) have revealed they have been the victims of a…
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Chinese finance floods container orderbook for foreign lines
Shanghai: Finance from Chinese institutions accounts for 61% (0.51m TEU) of capacity in the Chinese-owned containership orderbook, most of which…
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Ningbo Port insurance jv plan aborted
Shanghai: Ningbo Port has announced that its plan to establish a shipping insurance company has been denied by China Insurance…
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Dagfinn Lunde: Overcapacity concerns
Athens: Today we catch up with one of the most famous names in ship finance, Dagfinn Lunde, who, since leaving…
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China Taiping enters Shanghai marine insurance scene
Shanghai: China’s leading insurance industry player, China Taiping, has been approved by the China Insurance Regulatory Commission to set up…
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SC Lowy: Predicting private equity’s exit
Hong Kong: A Hong Kong independent fixed income specialist has made quite an impact in shipping during the downturn. “Our…
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AIG sets up shipping insurance centre in Shanghai
Shanghai: AIG Insurance has been approved to set up its Shanghai Shipping Insurance Operation Center and became the first foreign…
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Sinotrans Shipping finances Nanjing Tanker vessels
Hong Kong: Hong Kong-listed Sinotrans Shipping has announced that it has inked a $37.7m loan deal with Bank of America…
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Herun signs finance deal for newbuild bulkers
Shanghai: Multi-sector private company Herun has inked strategic a cooperation and finance leasing agreement with CSSC (Hong Kong) Shipping and…
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Epic Gas receives $31.8m financing for secondhand LPG carriers
Singapore: Epic Gas has secured $31.8m in financing from CIT Maritime Finance, with which the Singapore-based owner has acquired two…
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EXIM Bank cooperates with KfW IPEX-Bank for ship finance
Beijing: The Export-Import Bank of China has signed $1bn ship financing strategic cooperation agreement with Germany’s KfW IPEX-Bank. It is…
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Singapore targets shipping insurance and finance
Singapore: Ensuring Singapore has every facet of maritime licked, Patrick Phoon, president of the Singapore Shipping Association (SSA), vowed Friday…
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Shipowners’ Club: Insurance trends
London: The outlook for the P&I Industry and for those buying P&I insurance is encouraging, says Simon Swallow, a director…
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Perilous cargo
Gareth Williams from Holman Fenwick Willan on the carriage of sulphur into China. A carrier’s core obligation under the Hague…
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Alterna Capital: “Volatility will create attractive exit opportunities”
Wilton: In the news this week once again is Alterna Capital Partners. The US private equity firm was revealed as…
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