Finance and Insurance
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Nobu Su takes to YouTube to air claims of money laundering
Nobu Su, the fallen Taiwanese shipowner turned serial maritime inventor, has uploaded a short documentary to YouTube, available below, in…
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Teekay LNG seals long-term debt facility for its share of six Yamal newbuilds
Hamilton, Bermuda-headquartered Teekay LNG Partners on Monday sealed an $816m long-term debt facility so it can finance its share of…
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Transocean faces potential liquidity issues as lawsuit is filed against subsidiary
A lawsuit has been filed against an indirect subsidiary of Transocean which could affect its ability to draw on a…
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Venice Shipping & Logistics: Equity index launches
How much does investing in shipping yield today? It depends on the ship you choose as a target, on the…
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Bids come in for HSH Nordbank
Germany’s HSH Nordbank, once one of the world’s top names in ship finance, is anticipating bids of around $237m to…
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Scorpio Bulkers fixes funds for Greathorse ultramax trio
Monaco-headquartered Scorpio Bulkers has sealed a new $38.7m loan facility from a European financial institution to finance up to 60%…
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E.R. Group revives Blue Star name with launch of shipping investment vehicle
Hamburg-based E.R. Group, mostly known for its shipowning and management arm E.R. Schiffahrt, has launched a new vehicle to develop…
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Veldhuizen departs from DVB
As it fights to right its shipping exposure, DVB Bank is pushing through a notable management reshuffle with Bert Veldhuizen…
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Cyber liability and lack of regulation hindering implementation of unmanned ships
Almost two thirds (64%) of global marine industry executives believe there is uncertainty surrounding liability issues relating to unmanned ships…
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Petrobras secures $1bn loan to pay some debt obligations
Petrobras, Brazil’s corruption-plagued and debt-burdened state oil firm, has secured a loan of $1bn from a syndicate headed by Standard…
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China’s long game
China’s maritime dominance is about to become all encompassing. National strategic long-term plans mapped out in the 1990s are now…
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North P&I opens in Dublin as Brexit precaution
Following the result of the UK referendum on membership of the EU in July 2016, North and Sunderland Marine have…
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Hong Kong China War Risk Syndicate launched
Hong Kong China War Risk Syndicate (HKCWRS) launched today, aimed at protecting Chinese and Asian ship owners from the risks…
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Eagle Bulk to issue bond and secure additional loan to cover debts
Stamford-based Eagle Bulk Shipping is seeking to cover its debts with secured bond issues made through some of its subsidiary…
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ICBC Leasing: Changing the face of shipping
The final issue for 2017 of Maritime CEO magazine launches today with a distinctly Chinese flavour to proceedings. The executive…
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Deutsche Bank buys into Rimorchiatori Riuniti
Starting next week Deutsche Bank-controlled investment fund Deutsche Altrnative Asset Management will become a new minority shareholder of Rimorchiatori Mediterranei,…
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London Club hit with $1bn Prestige fine
The London Steam-Ship Owners’ Mutual Insurance Association (The London Club) is urgently looking for clarification from the Spanish judicial system…
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Torm to list on Nasdaq
Danish shipowner Torm has announced plans to file for registration with the US Securities and Exchange Commission today for a…
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Noble Group holds talks with stakeholders in survival bid
Embattled Noble Group, a Hong Kong commodities trader, has commenced discussions with various stakeholders regarding potential options to address the…
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Cosco further consolidates financing unit
China Cosco Shipping Corporation is continuing its consolidation process following the merger between Cosco Group and China Shipping Group last…
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