Finance and Insurance
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Kyiv unveils new ship insurance scheme
Kyiv has reached a deal with Lloyd’s of London and Marsh McLennan to bring insurance cover for ships taking Ukrainian…
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Octopus makes debut investment in German offshore wind
Britain’s Octopus Energy has made its first investment in Germany’s offshore wind sector with a 5% stake in 288 MW…
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Exmar returns to offshore drilling with Vantage stake
Belgium’s Exmar has made its return to the offshore drilling sector with a stake in the Houston-headquartered rig owner and…
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Euronav and Ocean Yield agree sustainability-linked sale and leaseback on two suezmaxes
Norwegian sale and leaseback player Ocean Yield has picked up a pair of modern suezmax tankers from Belgium’s Euronav. The…
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GC Rieber offers to buy remaining stake in GC Rieber Shipping
Norway’s GC Rieber has submitted a bid to buy all the shares it does not already own in its Oslo-listed…
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Insurance premiums climb in wake of latest Russian missile attack
Ukrainian authorities insist the country’s maritime export corridor remains open for business despite Tuesday’s deadly missile attack on a Liberian-flagged,…
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BW Ideol to be taken private
BW Group’s Oslo-listed floating wind company, BW Ideol, is set to be taken private by a newly formed vehicle made…
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Astatine Investment Partners buys Canada’s McKeil Marine
Connecticut-based private equity firm Astatine Investment Partners (AIP) has bought Ontario-based shipping company McKeil Marine from Canada’s TorQuest Partners. “McKeil…
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Hill Dickinson announces new CEO to replace Peter Jackson
Long-serving Hill Dickinson CEO, Peter Jackson, will step down at the end of next April and be succeeded by business…
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ESL Shipping owner brings in new investor
ESL Shipping, part of Finnish conglomerate Aspo, has attracted a new investor to support its ambition of offering fossil-free dry…
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Five out of the 10 largest Chinese shipowners are leasing institutions
Five out of the 10 largest Chinese shipowners are leasing institutions, data from shipowner association BIMCO shows. “The entry of…
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Seacon to buy and then sell bareboat-chartered supramax
Hong Kong-listed Seacon Shipping is shipping out the 2010-built supramax bulker it currently has on charter under a bareboat agreement.…
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Okeanis Eco Tankers applies for US dual-listing
Greek owner Okeanis Eco Tankers (OET) has set its sights on a dual listing that would see it float in…
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Anil Sharma eyes ship leasing
Anil Sharma, best known as a cash buyer for ships for recycling, is looking at a new business strand. Sharma’s…
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Chris Stedman exits Petredec in deal with the Fearn family and Bahri
Gas shipowner and trader Petredec has a new ownership structure following the exit of former director Chris Stedman. The Fearn…
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Star Bulk continues Oaktree share buyback
Greek dry bulk giant Star Bulk Carriers has bought back another 10m shares from its largest investor, Oaktree Capital Management.…
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New Singapore company launched to develop investment opportunities in methanol-powered ships
Methanol propulsion specialist Green Marine Copenhagen and Singapore-based Stamford Ship Management have formed a joint venture in Singapore with a…
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Wind propulsion leasing offer launched
Finnish wind propulsion specialist Norsepower has teamed with Japanese shipowner Iino Kaiun Kaisha and compatriot Mizuho Leasing to launch a…
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J. Lauritzen cashes in on Hafnia shares
Danish maritime investment company J. Lauritzen has cashed in on its shares held in Hafnia, a product tanker unit of…
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Investors pile into booming offshore sector
The booming offshore sector, where tonnage is incredibly tight at present, could lay claim to being the most investible sector…
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