Finance and Insurance
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Teekay Tankers reveals another sale and leaseback deal
Teekay Tankers has revealed during the unveiling of its second quarter results details of another sizeable sale and leaseback deal.…
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SC Lowy snaps up $160m of shipping NPLs from Italian bank MPS
Hong Kong-based international finance group SC Lowy has just closed its largest Italian shipping debt transaction, acquiring a portfolio of…
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Scorpio Tankers arranges another sale and leaseback deal
Emanuele Lauro’s Scorpio Tankers has agreed yet another sale and leaseback transaction, this latest deal for a pair of handymax…
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HNA quits shipping and aviation financing business
Qianhai Air & Shipping Exchange, part of China’s multi-sector conglomerate HNA Group, said it will exit the retail financial products…
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Korea Ocean Business Corporation to support ten domestic lines
Korea Ocean Business Corporation (KOBC), the newly established state-backed entity aimed at supporting the domestic shipping and shipbuilding industry, has…
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Pooling resources to fight fires on boxships
Matt Cannock from insurance firm Markel International addresses how the industry could tackle the scourge of fires breaking out on…
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Hedge funds short Maersk
The escalating threat posed by a global trade war is taking its toll on the shares of the world’s largest…
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London P&I Club establishes Cypriot Brexit base
Another British insurer is making Brexit plans. London P&I Club has revealed to Reuters it is establishing a subsidiary in…
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Large shipping losses decline by 38% over the past decade
Large shipping losses have declined by more than a third (38%) over the past decade, according to Allianz’s Safety &…
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Scorpio Tankers seals sale and leaseback for seven product tankers
Emanuele Lauro’s Scorpio Tankers has sealed a sale and leaseback deal with an unnamed international financial institution for seven of…
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Diana Shipping arranges new $75m loan
Greek dry bulk owner Diana Shipping has sealed a new term loan facility for up to $75m with BNP Paribas.…
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D’Amico signs product tanker sale and leaseback
Italy’s d’Amico International Shipping has sold 2016-built product tanker to a “reputable Japanese counterparty” for $29.5m, but will continue to…
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China’s decision to reopen mothballed yards: the big picture
Panos Patsadas from Target Maritime Transport fears the People’s Republic new found capabilities to package finance and yard slots together…
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Gestioni Armatoriali fleet goes to Deutsche Bank and Attestor Capital
The entire fleet of Ravenna-based Gestioni Armatoriali, made up of nine bulkers and three tankers, will be transferred to Deutsche…
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Scorpio Bulkers sells and charters back ultramax
Monaco owner Scorpio Bulkers has entered into a transaction with an unaffiliated third party for the refinancing of one of…
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Navibulgar secures Chinese financing for six newbuildings
Bulgarian owner Navibulgar has signed an agreement with China’s policy bank China Exim Bank for the financing of six newbuild…
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Seanergy unlocks over $10m from refinancing of cape pair
Seanergy Maritime Holdings has successfully completed the refinancing of a loan facility secured by 2010-built capesizes Lordship and Knightship. The…
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Epic Gas seals $34m refinancing of five LPG carriers
Epic Gas has completed the refinancing of five LPG carriers with Crédit Agricole Corporate and Investment Bank. The $34m facility…
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Aegean in discussions with Mercuria Energy for $1bn refinancing
Aegean Marine Petroleum Network has entered into an MOU with Mercuria Energy Group to support Aegean’s existing revolving credit facilities…
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FSL Trust seals $108m of new loans
Singapore shipping trust FSL Trust Management has closed three new loans worth $108m, refinancing an existing syndicate loan of $109.94m.…
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