January 28th, 20190Two American investors have made a joint bid to take a minority stake in Germany’s NordLB, a big name in ship finance. Reuters has identified the two US companies...
January 28th, 20190Hapag-Lloyd has declared general average on its burnt-out 7,500 teu boxship, . In an update to clients on Friday, the German carrier also revealed that the ship is...
January 24th, 20193Crude tanker stocks are ready for takeoff, argues J Mintzmyer from Value Investor's Edge. As I discussed in a Splash article last month, shipping stocks had been...
January 21st, 20190Singapore-headquartered Transport Capital has appointed Joshua Politis as partner and head of offshore. Politis comes from Seacor where he spent 12 years, most...
January 18th, 20190North P&I has become the first UK P&I Club to confirm post-Brexit trading arrangements. Its subsidiary in Ireland, North of England P&I DAC, has received...
January 17th, 20190Norway’s Ocean Yield has acquired 2016-built suezmax tanker from Oslo-listed Greek owner Okeanis Eco Tankers. Ocean Yield is paying a net purchase price of $49m...
January 16th, 20190One of the longest awaited IPOs in the history of shipping is facing further delays. Russian state-owned shipping line Sovcomflot yesterday cited the weak freight...
January 15th, 20190Chinese state-run chemicals production and trading major Sinochem has entered into a financial leasing agreement with Huarong Financial Leasing for one of its newbuild...
January 14th, 20190Tor Olav Trøim's 2020 Bulkers has put its management team in place and finalised financing for its newbuildings in preparation for a listing of the...
January 11th, 20191Dea Capital Alternative Funds has announced its debut in the shipping business in Italy, confirming an exclusive report by Splash in November. Chairman Roberto...
January 11th, 20191There’s plenty of money to be made from fuel hedging with the global sulphur cap just 354 days’ away, something not lost on former high-flyers at Maersk, Vitol and...
January 11th, 20190Cosco Shipping Development has entered into a sale and leaseback agreement with Japanese leasing outfit Financial Products Group for four of the company's...
January 8th, 20190The new year for d’Amico International Shipping has started with a sale & lease back deal with an unidentified Japanese financial player for one of its new LR1...
January 4th, 20190French offshore vessel owner Bourbon has signed an extension to a general waiver with lenders, allowing the company to continue to suspend payments servicing the...
December 31st, 20180Brightoil Petroleum has announced that China's state-run energy giant CNOOC has, through subsidiaries CNOOC International Financial Leasing and CNOOC China, provided the...
December 28th, 20180KKR Capital's turnaround vehicle Pillarstone has announced that John Davison will be stepping down as chief executive officer of the company. “Following four...
December 20th, 20180Fano-headquartered Navigazione Montanari has successfully completed a complex refinancing transaction of its existing $300m debt exposure with its long-term financing...
Finance and Insurance
