Finance and Insurance
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Havfram makes WTIV newbuild move as Sandbrook brings in another $250m
Norwegian offshore wind contractor Havfram has kicked off the construction of its first offshore wind turbine installation vessel at CIMC…
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Turkey refuses to relent on insurance demands as Bosporus tanker queue lengthens
Turkey will not stand down from its demand that tankers transiting the Bosporus and Dardanelles are inspected to check they…
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Fredriksen sells Euronav shares for $39m
Shipping magnate John Fredriksen has reduced his ownership interest in Frontline merger target Euronav, having sold around 2m shares in…
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Ningbo Ocean Shipping raises $143m in Shanghai IPO
Ningbo Ocean Shipping, a subsidiary of China’s Ningbo-Zhoushan Port, has listed on the Shanghai Stock Exchange raising CNY1bn ($143.3m) from…
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New dry bulk ship finance vehicle launches
A new ship finance vehicle focused on dry bulk has been launched out of Athens and Dallas. Led by Stefanos…
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Diana Shipping seals ultramax sale and leaseback and charter deals
Greek bulker owner Diana Shipping has unlocked cash via the sale and leaseback of a recently delivered ultramax while fixing…
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Frontline shareholders to vote on share capital increase and domicile change
John Fredriksen’s Frontline has invited shareholders to approve a transfer of corporate domicile and to vote upon a proposal to…
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North Star lands $170m boost for offshore wind fleet
UK offshore support vessel owner and operator North Star has secured a ÂŁ140m ($170.5m) financing package to support the next…
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Trafigura seals $3bn Germany-backed loan for gas supply
Commodity trading giant Trafigura has agreed a $3bn German government-backed loan for gas supplies. The loan, jointly arranged and underwritten…
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Rebel shareholders building up stake in DOF
Rebel shareholders of Norwegian offshore vessel owner and operator DOF have bought more shares in the financially troubled company after…
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DOF starts reconstruction process in court
Financially-troubled Norwegian offshore vessel owner and operator DOF is filing a petition for reconstruction proceedings with the Hordaland district court…
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Tankers ready for new trading map as Monday’s Russia ban looms
With just this weekend to go until crude tankers enter a whole new world, the noose is tightening around Russian…
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Castor Maritime fixes financing for containership pair
Cyprus-based diversified owner Castor Maritime has secured $22.5m in funding from an Asian lender to partly finance its expansion into…
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Nordic Shipholding to be liquidated
Denmark-based Nordic Shipholding is to be wound down following the disposal of its entire fleet of product tankers earlier this…
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Jones Act WTIV startup Bleutec lands EnCap Investments backing
Jones Act offshore wind turbine installation vessel (WTIV) player Bleutec has secured a capital commitment from compatriot private equity firm…
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New report puts a $90bn price tag on UK’s shipping net zero target
UK maritime sector will need around ÂŁ75bn ($90bn) of investment over the coming three decades to transition to net zero,…
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Performance Shipping taps Alpha Bank loan to fund Latsco LR2 buy
Greek tanker owner Performance Shipping has lined up another loan at Alpha Bank for up to $22m to support its…
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Taylor Maritime’s offer for Grindrod Shipping becomes unconditional
London-listed Taylor Maritime Investments (TMI) has declared its offer to acquire all of the issued ordinary shares in Grindrod Shipping…
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Maersk Tankers creates $150m credit facility with Citi
Maersk Tankers has created a new $150m uncommitted credit facility with Citi to strengthen its pools’ working capital and improve…
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10% general increase in P&I renewals across the board
Shipowners face another year of swelling insurance costs. North P&I Club is the latest club to come in with a…
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