Finance and Insurance
-
Rickmers seeks white knights
Embattled Rickmers Holding has appointed Macquarie Capital to try and get investors to come in and save the German shipping…
Read More » -
DOF Subsea abandons IPO plans
Norwegian offshore vessel owner DOF has abandoned its plans to spin off DOF Subsea, with shareholders deciding it would be…
Read More » -
Asian Exim banks throwing good money after bad
Throwing good money after bad – that does seem to be the modus operandi of arguably the two most powerful…
Read More » -
Vroon maintains it is close to sealing deal with lenders
In the wake of disparaging comments carried in the mainstream media Vroon Group has insisted it is on track to…
Read More » -
Allianz warns of ‘perfect storm’ of narrowing margins and increasing regulation
While safety levels continue to improve in shipping in general, insurer Allianz warns that a “perfect storm” of increasing regulation…
Read More » -
Ernst Russ and Ecofin launch new ship investment platform
German maritime asset management firm Ernst Russ and investment group Ecofin Holdings are joining to form a new company called…
Read More » -
Polaris postpones IPO again
Polaris Shipping has postponed plans for an IPO again. In the wake of severely negative press since its 1993-built ore…
Read More » -
Rickmers seeks to delist bond
As it initiates restructuring Germany’s Rickmers Holding has moved to delist its 2013/2018 bond in Frankfurt due next year. The five-year EUR275m bonds were launched…
Read More » -
MPC Container Ships raises more cash for more ship acquisitions
MPC Container Ships, among the fastest growing boxship operators in the world, has raised new cash with an eye on…
Read More » -
Pacific Radiance secures S$85m in government-backed loans
Singapore offshore vessel owner Pacific Radiance has been granted S$85m ($61.5m) worth of loans under two Singapore government-backed financing schemes. The…
Read More » -
Okeanis seals aframax sale and leaseback deal with Ocean Yield
Norway’s Ocean Yield has acquired a new suezmax tanker from Okeanis Marine Holdings and will charter it back to the…
Read More » -
Korean private equity invests in Hyundai Samho
Korean yard Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries, has attracted a KRW400bn ($355.4m) pre-initial public offering…
Read More » -
Peter Döhle inks $200m financing deal with ICBC Financial Leasing
German owner Peter Döhle has signed a major financing deal with China’s ICBC Financial Leasing for its newbuildings at Chinese…
Read More » -
Four European banks take ship recycling stance
At Nor-Shipping in Oslo yesterday, Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian DNB, announced that…
Read More » -
Greece tries to lure UK-based owners and insurance firms to Piraeus post-Brexit
Greece is laying out the red carpet to try and entice UK-based owners and insurance firms to consider setting up…
Read More » -
DryShips seals new $150m credit facility for VLGCs
George Economou’s DryShips have received a firm commitment from ABN Amro and KEXIM for a senior secured credit facility of…
Read More » -
Morten Arntzen: ‘Do the opposite of what the Norwegian investment banking world consensus position is’
He’s one of the most famous names in shipping, and one of our industry’s most amusing. Morten Arntzen, now in…
Read More » -
The finance case for Oslo
There are endless polls on which city ranks highest as an international maritime hub with invariably Singapore ranking top. Even…
Read More » -
Songa Bulk readies for more
Arne Blystad’s aggressive charge for bulker bargains continues. Songa Bulk, which he created last year with Herman Billung at the…
Read More » -
Dubai plans $1bn shipping fund
Dubai is planning a $1bn shipping investment fund, according to Reuters. State-run Dubai Maritime City Authority is leading the project…
Read More »