Finance and Insurance
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New loan sees Belships earmark $30m for fleet expansion
Norway’s Belships, which merged with Lighthouse Group late last year, has secured a $140m loan facility. Belships says that $110m…
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Scorpio seals sale and leaseback with CMB Financial for seven bulkers
Monaco-headquartered Scorpio Bulkers has agreed a deal for the sale and leaseback of seven vessels. Scorpio is selling three ultramaxes…
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Brookfield swoops for Oaktree
Brookfield Asset Management has moved to buy a controlling 62% stake in major American shipping investor, Oaktree Capital Management, in…
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Pandey takes the ship finance reins at Standard Chartered
Standard Chartered Bank has appointed Abhishek Pandey as its new global head of shipping finance. Pandey commenced the role this…
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Wilbur Ross-backed Diamond S reveals fresh details on NYSE listing
When Diamond S shares begin trading later this month, it will mark the largest shipping debut on Wall Street since…
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Greek owners eye more Chinese financial leasing
Chinese ship financing, especially leasing, has increasingly become an important financing source for Greek shipowners, which are known for their…
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Berenberg boss under investigation over insider-trading linked to Hapag-Lloyd
The managing partner of Berenberg, Germany’s oldest bank, is under investigation over an insider-trading scandal that allegedly yielded more than…
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EU finances Spliethoff scrubbers
Brussels might have been in the firing line last week for its perceived move to stymie the use of open-loop…
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HK budget offers perks for marine insurers
The budget from the government in Hong Kong today renewed the city’s bid to be a marine insurance powerhouse. While…
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Scorpio Bulkers refinances kamsarmax via sale and leaseback deal
Monaco-headquartered Scorpio Bulkers has entered into a financing transaction to sell one of its kamsarmax bulkers and lease it back…
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Pillarstone launches new shipping platform, takes $350m of NPLs from Intesa and Unicredit
Pillarstone has revealed to Splash that it has just purchased from Intesa Sanpaolo and Unicredit several non-performing loans related to…
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Siaci Saint Honore takes majority stake in Cambiaso Risso group
Siaci Saint Honore, one of the leading providers of insurance brokerage and consulting services headquartered in France and Italian broker…
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Nordic American Tankers secures $306m refinancing
Nordic American Tankers (NAT) has entered into a five-year $306m senior secured credit agreement arranged by CSG Investments, and funded…
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Castor Maritime set to list on Nasdaq
Greek dry bulk owner Castor Maritime has been granted approval to have its common shares listed on the Nasdaq Capital…
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Private equity swoops for RBD Armatori
Splash understands a vehicle connected to private equity fund Reuben Brothers has made an offer to buy out bust Italian…
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Cash raised to help fund innovative CNG carriers
Cash has been raised for an impending series of innovative new gas ships. Australia-based Global Energy Ventures (GEV) has raised…
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CMB turns to China to refinance ageing cape
China Merchants Bank Leasing has entered into a finance deal with the Saverys family-controlled Compagnie Maritime Belge, and its bulker…
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Cerberus and Centerbridge make joint bid to buy 49% of NordLB
Two American investors have made a joint bid to take a minority stake in Germany’s NordLB, a big name in…
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Hapag-Lloyd declares general average on burnt Yantian Express
Hapag-Lloyd has declared general average on its burnt-out 7,500 teu boxship, . In an update to clients on Friday, the…
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The best time to invest in shipping?
Crude tanker stocks are ready for takeoff, argues J Mintzmyer from Value Investor’s Edge. As I discussed in a Splash…
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