China has been recognised as the top international shipping nation according to a new DNV GL and Menon Economics report titled: “The Leading Maritime Nations of the World”.

Struggling Singapore-listed commodities and shipping conglomerate Noble Group faces a key shareholder vote on its controversial $3.5bn restructuring plan, which could determine its survival.

Hong Kong-focused sale and leaseback deals continue to move with Watson Farley & Williams (WFW) advising on CMB Financial Leasing’s (CMBFL) $180.4m transaction with Nasdaq-listed Star Bulk Carriers for its acquisition of 15 bulkers from Songa Bulk.

The downturn in the offshore services market has driven a combination of two US domiciled players, with Tidewater acquiring GulfMark Offshore in a shares for shares (all-stock) deal, as has been recently reported here.

All of a sudden, there are deals in the air. The mood at the at last week's Marine Money 2018 conference, held over a span of three days, in New York was ebullient.

Pacific Basin Shipping continues its prudent financial management after closing a $325m seven-year reducing revolving credit facility secured over 50 of the company’s owned ships.

AP Moller-Maersk has appointed a new cfo Carolina Dybeck Happe who joins the Danish shipping giant from door opening solutions company Assa Abloy.

Norway’s Eksportkreditt institute is offering a new financing set-up for Norwegian limited companies. Until now, such schemes have only been available for export transactions, rather than domestic operators.

The “traditional” ways of doing business, and the tools for effecting transactions, commerce generally, and vessel operations, are no longer static was the message Hellenic-American/ Norwegian-American Joint Shipping Conference.

Vietnam’s largest state-owned shipping firm is finally ready to be privatised through an initial public offering (IPO) in the middle of the year, according to Vinalines acting ceo Nguyen Canh Tinh. 

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