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. 

Bahri Dry Bulk has secured SAR360m ($96m) from a Saudi bank to finance four bulk carriers ordered at Hyundai Mipo Dockyard last year.

Indonesian state-owned port operator Pelindo III will issue global bonds worth $1bn to fund several development projects, including the construction of the overpass to the Teluk Lamong terminal in Surabaya, the deepening of the Benoa port pond in Bali, and the construction of the Gili Mas quay at the Lembar port in Lombok, local reports said.

Maersk Trade Finance is expanding its digital service to cover the UAE.

The former head of BNP Paribas in China, Bing Chen, will take up the helm as ceo of containership owner Seaspan in January next year.

OSV operator and owner Pacific Radiance has commenced discussions with potential investors to raise fresh funds as part of its debt restructuring, and has received expressions of interests from potential investors.

Beleaguered ASL Marine has updated shareholders that its bank creditors have continued to lend their support despite the breach of one covenant, and sought to allay an insolvency concern raised in an auditor’s report.

With some major shipping markets seeming to have passed worst the question of what opportunities there were for financiers and investors were in focus at the Capital Link New York Maritime Forum this week.

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