Finance and Insurance
-
Lessons learned from the Felicity Ace disaster
Jim Loftis, Ciara Ros and Joe Mallet from law firm Vinson & Elkins on practical steps for legal protection for…
Read More » -
Ørsted sells half of its stake in Hornsea 2 offshore wind farm for $3.95bn
Danish utility Ørsted has struck a deal to divest a 50% ownership stake in its 1.3 GW Hornsea 2 offshore…
Read More » -
Dorian LPG unlocks cash in sale and leaseback deal for VLGC pair
Dorian LPG has completed two $70m sale and bareboat charter arrangements with the same counterparty for its 2015-built very large…
Read More » -
Green light for Diamond Offshore’s NYSE comeback
Houston-based Diamond Offshore Drilling has received approval to relist its unrestricted common stock on the New York Stock Exchange under…
Read More » -
Ocean Network Express unveils $20bn investment scheme
Jeremy Nixon, CEO of Japan’s Ocean Network Express (ONE), gave reporters an idea of what it will cost to stay…
Read More » -
Star Capital offloads 6% stake in MPC Container Ships for close to $80m
The largest shareholder in the Oslo-listed boxship owner, MPC Container Ships, has sold 27.5m shares for a total of NOK687.5m…
Read More » -
NYK and Mitsubishi Corporation take stake in another Brazil-bound FPSO
Japan’s Nippon Yusen Kaisha (NYK) and Mitsubishi Corporation have struck a deal with floating production storage and offloading (FPSO) vessel…
Read More » -
Diana Shipping agrees capesize sale and leaseback
Greek bulker owner Diana Shipping has entered into a sale and leaseback deal with an unaffiliated Japanese third party for…
Read More » -
Dorothea Ioannou to head the American P&I Club
After 27 years’ service as CEO of Shipowners Claims Bureau(SCB), the managers of the American P&I Club, Joe Hughes will…
Read More » -
Wan Hai boosts fleet expansion budget
Wan Hai Lines plots further expansion spending with a new war chest of up to $1.02bn to fund newbuilds and…
Read More » -
Goldman Sachs builds up stake in MPC Container Ships
Goldman Sachs has accumulated a considerable stake in the Oslo-listed boxship owner, MPC Container Ships. The US investment bank said…
Read More » -
Top management at Standard and North clubs explain merger rationale
Two of Britain’s best known P&I clubs have provided further details on the exclusive carried by Splash yesterday of a…
Read More » -
Standard and North P&I clubs enter merger talks
Consolidation is taking place across the shipping spectrum with news coming through today of a very significant insurance merger. P&I…
Read More » -
Investor HAL moves to take over Boskalis
Dutch investor HAL Holding has made an offer to take over Dutch dredging and marine services provider Boskalis. The Curacao-based…
Read More » -
ScottishPower and Shell to invest $99m in offshore wind supply chain
ScotWind partners, Shell and Iberdrola-owned ScottishPower are set to invest a total of £75m (close to $99m) to help the…
Read More » -
Golden Energy Offshore Services launches private placement
Norway’s Golden Energy Offshore Services (GEOS) has initiated a private placement of new ordinary shares. The company said it would…
Read More » -
Stolt-Nielsen builds up stake in rival Odfjell
Chemical tankers operator Stolt-Nielsen has become one of the top shareholders in the Norwegian competitor, Odfjell, sparking merger speculation. The…
Read More » -
Sentinel Marine expands fleet with $81m of bank funding
Offshore support vessel specialist Sentinel Marine has taken delivery of a new multi-role offshore support vessel, with two more set…
Read More » -
The minutiae of war and shipping
A merchant seaman, Mr Hadisur Rahman, third engineer onboard the bulk carrier Banglar Samriddhi, has already been killed in this…
Read More » -
Transport Capital launches VC arm
The Singapore-based investment management firm Transport Capital led by Phillip Clausius (pictured) has launched a venture capital arm called TC…
Read More »