Finance and Insurance
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Insurers brace for record payouts from Baltimore bridge disaster
Records look set to be broken in terms of shipping insurance payouts following Tuesday’s ship allision in Baltimore which saw…
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Hafnia presses ahead with New York listing plans
Hafnia, the world’s largest product tanker owner, has publicly filed a registration statement for a New York listing to go…
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New shipbuilding risk cover launched at Lloyd’s
A new shipbuilding risk cover has been launched at Lloyd’s of London. The Builders’ Risk Consortium has been formed by…
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Victor Restis wins ruling in UK debt court battle with Newcastle United co-owner
Greek shipowner Victor Restis has triumphed over Newcastle United co-owner Amanda Staveley in a London High Court dispute involving a…
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Adani buys majority stake in Gopalpur Port
India’s Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement to purchase a 95% stake in…
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Cyan Renewables makes takeover offer for MMA Offshore
Singapore-based offshore wind vessel pure-play Cyan Renewables has made an offer to buy 100% of shares in Perth-based OSV operator…
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Castor Maritime moves for reverse stock split to keep Nasdaq listing
Cyprus-based bulker and boxship owner Castor Maritime has decided to carry out a one-for-ten reverse stock split on Nasdaq to…
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J. Lauritzen takes stake in Dee4 Capital
Danish maritime investment company J. Lauritzen has picked up a minority stake in fellow private equity firm Dee4 Capital Partners.…
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CMB on home straight with Euronav stake now above 88%
Following the closing of the Euronav takeover bid, the Saverys family-controlled Compagnie Maritime Belge (CMB) effectively controls 88.61% of the…
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StormGeo takes full ownership of Brazilian meteorological service firm
Norwegian weather intelligence specialist StormGeo has taken over the remaining stake of Brazil-based weather forecast specialist Climatempo. StormGeo, a part…
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US court rules in favour of CMB’s takeover of Euronav
The Saverys family-controlled Compagnie Maritime Belge (CMB) has cleared the first obstacle for the takeover of Euronav set by US…
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Jones Act leasing business launched by Libra subsidiary
Seapath, part of Libra Group, has launched a Jones Act leasing business with $25m of initial transactions already concluded. Seapath’s…
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ADNOC, BP pause $2bn NewMed acquisition talks due to Palestine conflict
Discussions regarding an offer made by British energy supermajor BP and UAE’s ADNOC to buy a 50% stake in Israel-based…
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BW Group to sell partial stake in DHT Holdings for $83m
Singapore’s BW Group has decided to put up for sale some 7.48m shares of New York-listed tanker giant DHT Holdings…
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Brazilian drilling contractor Petroserv agrees takeover deal
Brazilian offshore drilling player Petroserv Marine is set to be acquired by a consortium of financial investors. A special purpose…
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Norway awards $193m funding to Odfjell Oceanwind floating wind venture
Odfjell Oceanwind and its partners Source Galileo Norge and Kansai Electric Power Company, have received NOK2bn ($193m) in state funding…
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Grindrod secures up to $113m in debt refinancing
Grindrod Shipping has struck a deal for an $83m loan with Nordea Bank and SEB Bank (Singapore). The Singapore-based bulker…
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Navigare Capital raises offshore wind wager with up to three CSOV newbuilds for Norwind Offshore
Denmark’s Navigare Capital Partners Norwegian is expanding its footprint in the offshore wind sector with up to three more commissioning…
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Iberdrola makes $2.5bn offer to take full control of US subsidiary Avangrid
Spanish electric utility company Iberdrola has launched an offer to acquire the remaining stake in its US subsidiary Avangrid. Avangrid…
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Exxon lining up counteroffer for Hess’ Guyana assets
US oil company Hess is reviewing the timeline for the closing of a takeover deal by Chevron after compatriot oil…
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