Finance and Insurance
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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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UK extends oil and gas windfall tax until 2029
The government of the UK has decided to extend the windfall tax on oil and gas firms by an additional…
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UK government supports offshore wind auction with $1bn
The UK government has announced over £1bn ($1.27bn) in support of the upcoming renewables tender, with the largest slice of…
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Cadeler adds to green finance firepower
BW Group and Scorpio-backed offshore wind installation player Cadeler has secured additional capital by upsizing its HSBC green loan. Last…
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MOL and Allianz take Volkswagen to court over sinking of Felicity Ace car carrier
The shipowner of the Felicity Ace and its insurer have filed separate lawsuits in Germany against Volkswagen over the blaze…
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Hafnia buying back five ships
Product tanker giant of Singapore’s BW Group, Hafnia, has revealed a series of vessel repurchases on the back of record…
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US investor raises another obstacle for CMB’s takeover of Euronav
Funds managed by FourWorld Capital Management have filed another complaint regarding Compagnie Maritime Belge’s (CMB) offer to purchase all outstanding…
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Kyiv fixes insurance for more Black Sea cargoes
Insurance broker Marsh McLennan and Lloyd’s of London underwriters have expanded the Ukraine-backed marine war insurance programme from just grain…
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Does GDP matter for shipping?
Pierre Aury has some advice for executives looking too closely at the health of national economies. My January column discussed…
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CMB’s takeover of Euronav hit by investor hurdle in the US
Funds managed by FourWorld Capital Management have filed a complaint in a US District Court regarding Compagnie Maritime Belge’s (CMB)…
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Economou buys more shares ahead of proxy clash at OceanPal
Greek shipowner George Economou has upped his stake in the Palios family-linked dry bulk player OceanPal ahead of an upcoming…
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Teekay Tankers makes move on its final eight leased ships
Teekay Tankers has set to wrap up its vessel buyback programme having agreed to take back eight and final remaining…
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EnTrust Global buys Offshore Merchant Partners
US asset management firm EnTrust Global has sealed a deal to acquire Norwegian alternative investment fund Offshore Merchant Partners for…
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Gard advises on stack collapses
In a new study, Norwegian P&I club Gard has delved into the impact of weather on container stack collapses. The…
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Scorpio Tankers buying back four more ships
New York-listed Scorpio Tankers is continuing to release its fleet out of sale-and-leaseback debt with four more ship repurchases. The…
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Volatility in shipping hits extreme levels
An industry known for its volatility has entered a new period of extreme swings in earnings. New research carried out…
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CMB’s takeover of Euronav reaches final stage
The Saverys family-controlled Compagnie Maritime Belge (CMB) has officially launched a mandatory public takeover bid on all shares in one…
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Ørsted to cut up to 800 jobs and exit some offshore wind markets
Danish offshore wind giant Ørsted is cutting jobs and exiting several markets after a “substantially challenging” 12 months and massive…
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