Finance And Insurance News - Marine Insurance & Ship Finance Updates

Finance and Insurance

J C Flowers and Cerberus Capital Management tipped to buy out HSH Nordbank

February 23rd, 20180 The Wall Street Journal (WSJ) is reporting that American private equity firms J C Flowers and Cerberus Capital Management have sealed a deal to buy Germany’s HSH...

Finance and Insurance

ING and EIB link on green financing

February 20th, 20180 ING and the European Investment Bank (EIB) have signed an agreement to support green investments for the European shipping market for a total value of €300m ($372m)....

Finance and Insurance

Shipowner.io: Blockchain threat to traditional ship finance powerhouses

February 13th, 201849 The second of February could become known in the future as Black Friday for the traditional powerhouses in ship finance. It was 11 days ago that Shipowner.io was...

Finance and Insurance

Sovcomflot taps Sberbank for finance

February 13th, 20180 Russia’s biggest lender Sberbank and the country’s largest shipping company Sovcomflot have signed a 14-year project finance agreement worth $106m. The money will...

Finance and Insurance

Ezion Holdings secures $1.5bn refinancing

February 8th, 20180 Singapore liftboat specialist Ezion Holdings has secured a $1.5bn refinancing package with its six secured lenders. DBS, OCBC, UOB, MayBank, CIMB and...

Finance and Insurance

MPC Container Ships closes in on more feeders

February 7th, 20180 MPC Container Ships, the fast growing feeder specialist set up by Germany’s MPC Capital, is building up further funds for more vessel acquisitions. Having just...

Finance and Insurance

Ship finance meets blockchain with launch of Shipowner.io

February 5th, 20182 Shipowner.io was launched Friday claiming to be the world’s first distributed ledger platform for participation in capital financing of assets and services in the...

Finance and Insurance

Thomas Miller acquires surveying consultants Brookes Bell

January 22nd, 20180 UK insurance provider Thomas Miller has acquired international marine consultancy business Brookes Bell for an undisclosed sum. Liverpool-headquartered Brookes...

Finance and Insurance

Chembulk Tankers raises $200m via bond issue

January 21st, 20180 Connecticut-based tanker owner Chembulk Tankers has raised $200m in a secured bonds issue. Proceeds from the offering will be used for the refinancing of...

Finance and Insurance

Four Asian shipowners rapped for their recycling choices

January 17th, 20180 The vessel scrapping choices of four Asian shipping lines have incurred the wrath of the world’s largest sovereign wealth fund. Oslo-headquartered Norges Bank has...

Finance and Insurance

Thomas Miller pounces for Navigators’ P&I business

January 16th, 20180 Insurance giant Thomas Miller has moved to take over Navigators Management’s fixed-premium protection and indemnity business in a deal likely to close within the next...

Finance and Insurance

Bahri Dry Bulk secures financing for bulker quartet

January 11th, 20180 Bahri Dry Bulk, a joint venture between Saudi Arabian shipping firm Bahri and Arabian Agricultural Services Company (ARASCO), has secured Sharia-compliant funding of...

Finance and Insurance

Societe Generale ups financial support for LNG-powered ships

January 10th, 20180 Societe Generale has become the bank with the most overt support for LNG as a fuel for shipping. The French bank has become the first financial institution to sign up to...

Finance and Insurance

Cosco sets up shipping fund with China Cinda

January 10th, 20180 Cosco Shipping Development has announced a plan to set up a shipping industrial fund with state-controlled China Cinda Asset Management to expand its presence in the...

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Splash Dash

LNG not shipping’s green panacea, as IEA warns of ‘huge disruption’ over looming 2020 sulphur cap
A report out this week suggests LNG is not the panacea for shipping’s fuel concerns now that... Apr 19th, 2018 inEnvironment
Sinokor to take over 30 feeder boxships from Vroon
South Korean owner Sinokor Merchant Marine is taking over a fleet of 30 feeder containerships from... Apr 19th, 2018 inContainers
Weekly Broker: En bloc deals dominate
Activities in the secondhand bulker sale and purchase market kept up a steady trend this week after... Apr 19th, 2018 inOperations
Grindrod completes historic sale of its bunker division
South African transport giant Grindrod has sold its bunker subsidiary, Unicorn Bunker Services, for... Apr 19th, 2018 inBunkering
Lessons for effective and sustainable safety communications in the logistics industry
Des McGowan from Insync ponders whether we should focus on safety compliance or safety... Apr 19th, 2018 inContributions
International Transport Forum calls for greater, more harmonised use of port-based incentives
Port-based financial incentives to mitigate greenhouse gas (GHG) emissions currently remain... Apr 18th, 2018 inEnvironment

McDermott management stands firm in face of growing Subsea 7 overtures

DeepOcean appoints new CEO

Shell decides to invest in Vito development offshore Louisiana after cutting costs

Baltic Exchange and Freightos launches global container freight index

McDermott management stands firm in face of growing Subsea 7 overtures

Shell decides to invest in Vito development offshore Louisiana after cutting costs

Intermarine transfers leasehold of terminals on Houston Ship Channel to Watco

Caledonia continues rapid fleet buildup with panamax charter

19 tankers being held by Houthis in Yemen

KOTC splashes for four MRs at Hyundai Mipo

Former BP boss Browne joins Israeli maritime startup’s board

KOTC tanker fleet set to double through to 2040

Singapore collaboration to develop autonomous vessels

Gemadept Shipping snaps up feedermax from Tsurumi Kisen

Amann Shipping acquires feedermax boxship from Heung-A

Pakistan to resume tanker scrapping

Lawsuits pile up against embattled Noble Group

Sinopacific Shipbuilding parent defaults on bond payment

New Yangtze takes supra sisters

OOCL teams with Microsoft to develop AI shipping solutions

MPP ship investment scheme launched in the UK