Finance and Insurance
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UK Chamber: Brexit presents an ‘unprecedented lobbying opportunity’
The CEO of the UK Chamber of Shipping has said the next two years will be a great time for…
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Marenave Schiffahrts must start repaying ship loans again
Eight of Marenave Schiffahrts’ single-ship companies must begin making repayments to their banks, following the expiry of a six-month extension…
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SSY and Carnegie form ship finance joint venture
London-based shipbroker Simpson Spence Young (SSY) has formed SSY Carnegie LLP, a joint venture (JV) with Nordic investment bank Carnegie…
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Genco amends terms of its refinancing
NASDAQ-listed Genco Shipping & Trading has eased the terms of its refinancing with lenders after failing to secure $125m in equity…
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HSH Nordbank offloads non-performing shipping loans
HSH Nordbank has announced that it has transferred a portfolio of non-performing loans from its ship finance portfolio totalling EUR5bn…
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Gener8 Maritime amends loan to finance two more VLCCs
Gener8 Maritime has amended its senior secured credit facility with a consortium of lenders to complete the financing of its…
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Star Bulk gets extra breathing space from banks
Embattled Star Bulk has won a two-month extra standstill agreement from its banks. The line, which has offloaded nine ships…
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Ex-Hanjin chairwoman summoned again on allegations of insider trading
Hanjin Shipping’s ex-chairwoman Choi Eun-young has been summoned again by the Seoul Southern District Prosecutors’ Office on suspicion of illegal…
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Oaktree Capital executive held on theft allegations
Martin Graham, a London-based senior vice-president for Oaktree Capital, has been arrested at the request of authorities in the UAE…
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Singapore Exchange extends negotiations for Baltic Exchange takeover
The period of exclusive discussions between the Singapore Exchange (SGX) and the Baltic Exchange has been extended by a further…
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HCI Capital becomes Ernst Russ
HCI Capital has decided to change its name to Ernst Russ AG to reflect a shift in the company’s focus.…
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Great Eastern buys cape
Brokers report that Japan’s Libera Corp has sold its capesize Cape Althea (179,300 dwt, built 2011) to Great Eastern Shipping…
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Alpha Bulkers capesize fixed on timecharter at decent rate
Today saw a rare capesize period fixture on a day in which the Baltic Dry Index advance by 13 points…
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Shipping industry figures react to Brexit
Shipping industry figures have reacted to the news that the UK has voted in a 52% majority to leave the…
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Nobu Su: Out to shake up shipping
It’s easy to characterise Nobu Su as shipping’s malcontent. It’s been two years since Maritime CEO profiled the Taiwanese shipping…
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The shipping finance crisis
Paul Slater from First International Corp gives Splash readers an advanced look at what he’ll say at a speech in…
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Containerships secures financing from CSSC for eight boxships
Finnish company Containerships has signed a framework agreement with CSSC Shipping (Hong Kong) for the financing of up to eight…
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OSG returns to the NYSE Big Board
After a few years in the cold, Overseas Shipholding Group (OSG) is to transfer its stock listing once again to…
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Under fire KDB promises to cut shipping and shipbuilding exposure
South Korea’s policy lender Korea Development Bank (KDB) has today announced a series of reforms on the back of stinging…
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Credit Suisse and China Merchants eye RBS ship finance business
The Royal Bank of Scotland has received bids for its Greek ship finance business, following an increase in bad shipping…
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