Finance and Insurance
-
Seabury Capital takes on Paul F. Richardson Associates
Seabury Capital has joined with Paul F. Richardson Associates (PFRA) to form Seabury PFRA (SPFRA), a maritime-centric entity which, in…
Read More » -
Financiers face $400bn of ‘unassessed climate risk exposure’
Carbon War Room (CWR) and UMAS today released research that suggests climate transition pathways pose risks to the banks that…
Read More » -
German liner shipping has up to $30bn of toxic debt
German liner shipping has as much as $30bn of toxic debt, delegates attending Marine Money’s event in Hamburg were told…
Read More » -
Train wrecks, shipping and transparency
“A train wreck in slow motion.” That’s how Venkatraman Sheshashayee, the offshore veteran and CEO of Micyln Express Offshore, described…
Read More » -
A long winter beckons
Paul Slater from First International Corporation is in a pessimistic mood looking at almost every sector of shipping. As the…
Read More » -
Maritime Asset Partners: New finance vehicle backed by shipping veterans
Maritime Asset Partners (MAP), the newest name in ship finance, promises to provide some much needed direction for owners, helping…
Read More » -
Operational transparency: The dark side of shipping
Thomas Timlen gets the thoughts of Union Marine’s Vinay Gupta and Colin Ip from CaledonDenny explain how owners are missing…
Read More » -
China Cosco Shipping sets up captive insurance unit
China Cosco Shipping Corporation (Coscocs) has established a fully owned insurance unit, China Cosco Shipping Captive Insurance Company, in Shanghai…
Read More » -
Roos returns to ship finance with Blystad backed Maritime Asset Partners
Maritime Asset Partners has been launched by a host of well-known names mainly in Norwegian shipping and offshore circles as…
Read More » -
Concordia Maritime signs third sale and leaseback agreement
Concordia Maritime is selling the 2015-built product tanker to what it describes as “a large Japanese financial institution” with naming…
Read More » -
HMM readies orders as $632m state windfall lands
Hyundai Merchant Marine (HMM), South Korea’s flagship carrier, is about to receive a massive KRW720bn ($632m) in state funds to…
Read More » -
Smedvig Capital stumps up $12m for Xeneta
Xeneta, an ocean freight benchmarking and market intelligence software platform, has raised $12m in a Series B investment round led…
Read More » -
One in 50 ships suffer fender benders while transiting new Panama Canal
One in 50 of the transits through the expanded Panama Canal between June and January have resulted in damage to…
Read More » -
Hatton quits FSL Trust in latest boardroom spat
Chief executive officer Alan Hatton is the latest in a string of high profile departures from Singapore shipping trust First…
Read More » -
Navigator Holdings issues bonds
New York-listed gas giant Navigator Holdings has issued $100m aggregate principal amount of new senior unsecured bonds in the Nordic…
Read More » -
DryShips completes $200m share sale
George Economou’s DryShips has completed a $200m common stock offering, raising $198m for the company to continue its recently announced…
Read More » -
More Italian shipowner restructuring to follow Bottiglieri
More shipowners in Italy, particularly those involved in dry bulk, will follow Giuseppe Bottiglieri seeking court protection from creditors in…
Read More » -
HMM set for $515m boost from new government fund
South Korea’s Hyundai Merchant Marine (HMM) is set to be the first beneficiary of funds from the country’s new Korea…
Read More » -
Oaktree and Senator bolster Star Bulk holdings
Leading private equity names are investing more in Nasdaq-listed Greek owner Star Bulk Carriers. Oaktree Capital Management and Senator Investor…
Read More » -
Japan’s Orix outlines plans to become major ship finance player
Japan’s Orix Corporation has confirmed it has acquired $289m worth of shipping loans from the Royal Bank of Scotland (RBS),…
Read More »