Finance and Insurance
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DBS moves to take control of a new liftboat belonging to bust Swissco
Singapore’s DBS Bank is moving to take control of a brand new liftboat belonging to bust compatriot Swissco Holdings. Swissco…
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China Exim Bank to finance 10 valemaxes for China Merchants
China Merchants Energy Shipping (CMES) is expected to secure a financing deal with China Exim Bank for the construction of…
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Latvian Shipping company extends loan facility
Latvian tanker operator Latvian Shipping Company has reached agreement with the syndicate of three banks to refinance the outstanding balance…
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RBS reportedly finds buyers for some of its shipping portfolio
Reuters is reporting that a chunk of Royal Bank of Scotland’s (RBS) shipping portfolio is being sold to a mix…
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Maritime & Merchant Bank launches
Maritime & Merchant Bank (M&M), a niche Norwegian bank for the shipping and offshore sector, opened its doors for business…
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Seoul ditches debt ratio stipulation to access shipbuilding fund
Korean shipowners will only need to show a charter contract of five years or more to get state-run banks to…
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Northern Shipping smashes third fund target
Stamford-based Northern Shipping, an American alternative ship financier, has closed its third maritime credit fund at $505m, smashing its $400m…
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Torm adds to war chest with $130m loan
Danish tanker owner Torm has sealed financing of up to $130m with ABN AMRO, Danske Bank, DVB and ING. Torm…
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A wintry outlook for shipping
‘Investors need to understand the workings of the industries they invest in and not attempt to influence the values of…
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Petrobras signs $5bn financing deal with Chinese bank
Brazil’s troubled state oil company Petrobras, which holds huge offshore oilfield interests, on Thursday agreed a multibillion-dollar financing deal with…
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Economou provides $200m for DryShips refinancing
George Economou, via Sifnos Shareholders, is providing DryShips with a $200m loan under a senior secured revolving facility to refinance…
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Euroseas adds to fleet, gets $1m investment from Pittas
Euroseas has acquired German-built 1,645 teu feeder containership from Tennenbaum Capital Partners, a Euroseas shareholder, for around 900,000 shares of…
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Established value propositions are being redefined: Danish Ship Finance
Danish Ship Finance, the Scandinavian shipping bank, has just published its eagerly anticipated forecasts for the industry. Published twice a…
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Unicredit rules out quitting shipping
Italy’s Unicredit will not exit the shipping industry its ceo, Jean Pierre Mustier, said yesterday in London while outlining a…
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Emas Offshore reaches deal to refinance debt
Emas Offshore, part of Singapore’s Ezra Holdings, says it has reached a deal with lenders to refinance its financial obligations…
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Scorpio renegotiates newbuild prices and credit facility
Monaco-headquartered Scorpio has negotiated the pricing of two newbuild vessels as well as a BNP Paribas credit facility. Scorpio Bulkers…
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Gaslog, Star Bulk Carriers and Golar LNG hailed as best maritime equities of 2016
Gaslog, Star Bulk Carriers and Golar LNG have been hailed by Drewry Financial Research Services as the best performing maritime…
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CSSC seals $5.8bn financing deal
State-run China State Shipbuilding Corp (CSSC), which overseas yards in central and southern China, has sealed a major financing deal…
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Oaktree develops financing model for smaller owners seeking secondhand bargains
A new ship finance vehicle has been created by Oaktree Capital aimed at helping smaller owners snap up secondhand tonnage.…
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KNOT Offshore Partners raising $50m via private placement
KNOT Offshore Partners has outlined plans to pocket $50m from a proposed private placement of preferred equity. The company is…
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