Finance and Insurance
-
Shipping must address its commissions system
Why did the Financial Conduct Authority of the United Kingdom ban commission-based fee systems among investment advisories, and what does…
Read More » -
Navig8 Chemical Tankers seals double sale and leaseback with AVIC
Navig8 Chemical Tankers has sold two 37,000 dwt product tankers to China’s AVIC International Leasing and will charter them back…
Read More » -
Maersk debuts alternative cargo insurance offering
Maersk is expanding its commercial offering, introducing Value Protect, an extended liability solution. It offers customers an alternative to cargo…
Read More » -
Time to celebrate corporate governance?
While applauding recent decisions among some listed shipping firms J Mintzmyer from Value Investor’s Edge sets them all a challenge.…
Read More » -
PIL sells two capes to Chinese leasing house
The Teo family’s shipping line has bolstered its bottom line with another sale to a Chinese leasing house. The Teos…
Read More » -
Zeaborn behind new maritime start-up investor
Zeaborn, the very fast growing German shipowner, is one of three investors in a new maritime tech investor. Based in…
Read More » -
Okeanis Eco Tankers completes funding for newbuild VLCCs
Okeanis Eco Tankers, the Oslo-listed Alafouzos family tanker vehicle, has raised $45m which ensures its newbuilding program for four VLCCs…
Read More » -
D’Amico seals another product tanker sale and leaseback deal
D’Amico International Shipping subsidiary d’Amico Tankers has agreed a deal for the sale and leaseback of 2015-built MR product tanker…
Read More » -
HSH Nordbank sale completed, becomes Hamburg Commercial Bank
The sale of German state bank HSH Nordbank to a consortium of private equity companies, announced in February, has been…
Read More » -
Matson inks sale and leaseback deal for 12-year-old boxship
US container line Matson has entered into a sale and leaseback agreement for its 2006-built 2,890 teu containership . Under…
Read More » -
Pillarstone and Dea Capital set up investment platforms for distressed Italian shipping companies
Pillarstone Italy and Idea Capital Funds are both poised to launch separate investment platforms focused on the Italian shipping market,…
Read More » -
FSL Trust raising $31.3m for new ships
Singapore’s First Ship Lease Trust is proposing a preferential offering of around 965m new units to raise gross proceeds of…
Read More » -
Pacific Basin closes $40m loan facility
Hong Kong-based bulk carrier operator Pacific Basin has closed a $40m loan facility with Danish Ship Finance. The seven-year facility…
Read More » -
GNG Ocean Shipping secures financing for chemical tanker pair
China’s state-owned GNG Ocean Shipping has entered into an agreement with BNP Paribas for the financing of two of the…
Read More » -
Sovcomflot secures $149m credit facility for LNG carrier newbuild
Russia’s largest state run shipping firm Sovcomflot has signed a 10-year $149m credit facility with a consortium formed by ING…
Read More » -
Evan Cohen joins CIT
Famous American ship financier Evan Cohen has been tapped to run American bank CIT’s maritime finance business. Cohen, best known…
Read More » -
CSSC Shipping applies for Hong Kong listing
CSSC Shipping, the shipowning unit of China State Shipbuilding Corporation, has submitted an application for an IPO on the Hong…
Read More » -
Financing of scrubbers comes under attack
How shipowners go about financing scrubber installations is attracting criticism across the globe. Scrubbers have hit the mainstream press headlines…
Read More » -
Foremost secures Taiwanese financing for newbuild bulker pair
US-based dry bulker owner Foremost Group has entered into a $41.14m loan deal with First Bank of Taiwan to finance…
Read More » -
As cranes continue to tumble, ports are urged to install laser sensor technology
With quay cranes tumbling around the world in recent months insurer TT Club has urged port operators to install laser…
Read More »