Finance and Insurance
-
Goldman Sachs appointed to advise on sale of DVB
Germany’s DZ Bank is pushing ahead once again with plans to sell its DVB transport finance arm, Reuters is reporting.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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%…
Read More » -
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…
Read More » -
Veldhuizen departs from DVB
As it fights to right its shipping exposure, DVB Bank is pushing through a notable management reshuffle with Bert Veldhuizen…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »