Finance and Insurance
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Cleaner fuels are looking messy for marine cargo insurers
Gray Page’s James Wilkes reports from last month’s International Cargo Insurance Conference. If you work in shipping and you read…
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KTB Asset Management funds three Teekay tankers
South Korea’s private equity firm KTB Asset Management has today launched a fund worth around $30m to invest in three…
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Top Ships strikes financing deal and charter with Cargill
Top Ships has secured a sale and leaseback deal as well as a five-year charter with Cargill for its newbuild…
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Siem Offshore secures new financing deal
Norwegian OSV operator Siem Offshore has received approval from its banks for a revised finance plan, which it says is…
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Diana Shipping secures $75m facility, unencumbering 17 vessels
Greek dry bulk owner Diana Shipping has signed a term sheet with BNP Paribas for a five year loan facility…
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Pacific Basin seals new $325m credit facility
Hong Kong dry bulk owner Pacific Basin had closed a new seven-year $325m revolving credit facility. The new facility, secured…
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Scorpio Tankers seals another sale and leaseback deal
Emanuele Lauro’s Scorpio Tankers has reached a deal to sell and leaseback two MR product tankers and two LR2 product…
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Danaos seals $2.2bn debt refinancing
New York-listed Greek containership owner Danaos Corporation has sealed a refinancing agreement with lenders holding around $2.2bn of debt maturing…
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Deutsche Bank confirms $1bn shipping loan sale
Deutsche Bank has confirmed earlier reports that it is selling a $1bn portfolio of shipping loans to an entity owned…
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Grindrod Shipping makes Nasdaq debut
Grindrod Shipping Holdings, the shipping business spun out of South Africa’s Grindrod, began trading on the Nasdaq on Monday. Listed…
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HSH Nordbank readies shipping return
Emblematic of shipping’s changing fortunes, Germany’s much-maligned HSH Nordbank has said it wants to get back into maritime. The bank’s…
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Deutsche Bank shuffles shipping exposure
As HSH Nordbank gears up to make a renewed foray into shipping under new ownership, another big name in German…
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Schulte launches Hanseatic Capital Management out of Cyprus
Hanseatic Capital Management (HCM) has been launched by Germany’s Schulte Group, acting as the anchor investor. The initial investment focus…
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MPC Container Ships raises more cash for acquisitions
Germany’s MPC Container Ships has raised a further $50m via a private placement, money it says will be used to…
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Scorpio Bulkers secures new loan for kamsarmax pair
Emanele Lauro’s Scorpio Bulkers has received a commitment for a loan facility of up to $30m from ING Bank to…
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Peter Livanos taps former high fliers at HSBC and Goldman Sachs to run new investment vehicle
Matthew Westerman, previously co-head of HSBC’s investment bank, and Julian Metherell, the former boss of Goldman Sachs’s UK investment bank,…
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Scorpio Tankers seals another sale and leaseback deal
Emanuele Lauro’s Scorpio Tankers has sealed a sale and leaseback deal with China’s CMB Financial Leasing for six product tankers…
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Money for the masses
So here we are at Posidonia once again and my, oh my how the mood of owners descending on Athens…
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GoodBulk files for US IPO
John Michael Radziwill’s GoodBulk has finally pushed the go button on a long-awaited listing by filing a registration statement with…
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IM Skaugen seeks Singapore restructuring
Oslo-listed IM Skaugen has filed restructuring applications at the High Court in Singapore. Specifically the Norwegian tanker owner has sought…
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