Finance and Insurance
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Temasek unit comes in to save PIL
Former member of parliament SS Teo is likely to see his beleaguered Singaporean shipping line saved by a unit of…
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Hana Financial Group buys into H-Line Shipping
South Korea’s Hana Financial Group is buying into H-Line Shipping, the dry bulk group formerly part of the defunct Hanjin…
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CSSC Shipping secures $116.8m financing for ship acquisitions
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has announced that the company has entered into an…
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Japan pushes new form of ship financing to get more orders
The Japanese government is pushing a new form of financing to get more ship orders on home soil. The Maritime…
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Fredriksen’s SFL seals newbuild VLCC deal with Landbridge
John Fredriksen’s SFL Corporation has acquired a newbuild 308,000 dwt VLCC from China’s Landbridge Group, and bareboat chartered it back…
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Diana Shipping refinances Nordea facility to extend repayment by two years
Greek dry bulk owner Diana Shipping has sealed a new loan facility with Nordea Bank for $55.848m, refinancing its existing…
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DOF and DOF Subsea enter into debt standstill agreements
Norway’s DOF and DOF Subsea have each entered into standstill agreements with their secured lenders, representing 93% of the total…
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Fund invests $145m for offshore wind infrastructure at Port of Esbjerg
Nordic infrastructure fund Infranode has partnered up with Port Esbjerg in Denmark to invest up to DKK1bn ($145m) into new…
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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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