June 28th, 20190Nasdaq-listed Grindrod Shipping has sealed a sale and leaseback transaction with a Japanese shipowner for 2010-built 33,100 dwt handysize drybulk carrier IVS...
June 25th, 20190Corruption has been unearthed in Cosco’s 2017 $6.3bn takeover of Hong Kong containerline Orient Overseas Container Line (OOCL). The Wall Street Journal has reported...
June 24th, 20190Carsten Mortensen is back, hunting product tanker opportunities with a $100m warchest. The former CEO of both BW and Norden has teamed with well known shipping...
June 21st, 20190After an extraordinary meeting of the London Joint Cargo Committee to discuss the present situation in the Gulf where six tankers have been attacked in the past six...
June 20th, 20190French offshore vessel owning giant Bourbon Offshore says its board is currently considering two financial restructuring proposals designed to move the struggling...
June 19th, 20190Norwegian offshore survey company PGS has cancelled a refinancing program designed to raise a total of $657m. The company announced the program at the end of May,...
June 18th, 20190Eleven major shipping banks have joined a global framework called the Poseidon Principles to integrate climate considerations into lending decisions in line with...
June 17th, 20190Thailand’s Mermaid Maritime Public Company subsidiary Mermaid Subsea Services has secured a $65m loan facility with the Export-Import Bank of Thailand. The loan is...
June 13th, 20190Credit Suisse has retained its top position in Greek ship finance for a fifth straight year, according to Petrofin Bank Research’s latest annual report. Looking at...
June 7th, 20190Shippers must brace for more expensive calls to crisis-hit Venezuela. MSC, the world’s second largest liner, yesterday told clients it was imposing surcharges for...
June 6th, 20190Maersk’s growing ambitions in the realms of trade finance have seen the Danish carrier invest in a German startup. Financing platform Modifi raised EUR5.5m in its...
June 6th, 20190Norway's ADS Crude Carriers has agreed terms for a credit facility, which provides financing of the forthcoming intermediate surveys for the company’s fleet of three...
June 6th, 20190LNG carrier operator Dynagas LNG Partners is currently in talks with financial institutions for the refinancing of its 6.25% $250m senior notes, which are due on October...
June 5th, 20192New accounting standards effective from the start of this year have made for some massive debt increases for the world’s largest container carriers. The application...
June 4th, 20190German bulker operator Oldendorff has completed a total of 23 deals with three Chinese leasing companies in the past twelve months. The deals include the sale of...
June 3rd, 20190At a conference held in town downtown Oslo today organised by class society DNV GL, delegates were warned of the likely huge volumes of claims that will emanate from...
June 3rd, 20190I’m more involved in this year’s Nor-Shipping than normal, helping Jannis Kostoulas get his first Oslo Mare Forum up and running today. What I can’t help noticing...
Finance and Insurance
