May 17th, 20191Maersk Product Tankers has entered into a sale and leaseback agreement with China’s ICBC for four MR tankers. The first vessel has already been delivered to ICBC,...
May 16th, 20190Shipowners should brace for higher insurance premiums for ships transiting the Middle East. The Joint War Committee (JWC), which comprises underwriting...
May 15th, 20194It has emerged that funds linked to Singapore’s sovereign wealth fund Temasek Holdings have come to the rescue of the island republic’s top containerline. Pacific...
May 15th, 20190Macquarie has had a massive clear out of its North American port assets to focus on taking over OOCL’s Long Beach Container Terminal. Alphaliner is reporting...
May 9th, 20190Commercial manager Mjølner Shipping Holdings and transport investment banking firm MID-SHIP Capital have launched their second fund, the Mjølner Product Solutions fund...
May 9th, 20190Russian shipping group Sovcomflot has secured a new 10-year $297m credit facility from international banks ING Bank, KfW IPEX-Bank, and Crédit Agricole Corporate and...
May 8th, 20190John Fredriksen’s Flex LNG has moved a step closer to listing on the New York Stock Exchange, having publicly filed a registration statement on Form 20-F with the US...
April 30th, 20190Nasdaq-listed Grindrod Shipping has sealed financing for two newbuild ultramaxes and also announced the sale of two of its vessels. The new term loan facility is with...
April 30th, 20190Epic Gas has launched today a $60m fully underwritten capital increase with plans to buy more LPG ships. The subscription period lasts until May 13 with lead...
April 29th, 20190John Fredirksen’s Flex LNG has sold 2018-built LNG carrier pair Flex Endeavour and Flex Enterprise to Hyundai Glovis for $420m. Hyundai Glovis is paying $300m and...
April 18th, 20190Navios Maritime Acquisition Corporation has completed a $103.2m sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers. Navios...
April 17th, 20190Monaco-headquartered Scorpio Bulkers has agreed to the sale and leaseback of six ultramax vessels to China's AVIC International Leasing. SBI Antares, SBI Bravo, SBI...
April 5th, 20190John Fredriksen’s Flex LNG has tuned in to the Spotify route to Wall Street, pushing ahead with a direct listing on the New York Stock Exchange (NYSE). Flex LNG has...
April 5th, 20190Another famous name in German ship finance is exiting the sector. Nord/LB Norddeutsche Landesbank has made clear the “painful” bad loans it had extended to shipping...
April 5th, 20190Microsoft is moving into the world of maritime artificial intelligence, backing an American platform, Nautilus, that is among the leaders in the emerging tech...
April 5th, 20190Teekay Offshore Partners has sealed a new $414m debt facility to finance its four LNG-fueled suezmax shuttle tanker newbuildings, currently under construction at South...
April 5th, 20190The UAE Shipping Association is calling for banks to offer more financial support to local shipowners. Tahir Lakhani, first vice chairman of UAE Shipping Association,...
Finance and Insurance
