Industry Sectors:Finance & Insurance

Finance & Insurance

Nordic American Tankers (NAT) has inked two additional time charters with oil major Shell.
Malaysian oil and gas (O&G) services provider Bumi Armada is making use of the lull in the industry to do some restructuring, announcing the formation of a Netherlands holding company.
FSL Trust has taken a $24.1m impairment charge due to the falling values of vessels.
Containership owner Danaos Corp says it yet to see “meaningful improvement” in the charter market.
d’Amico International Shipping (DIS) is selling a MR product tanker for $28m and leasing in back.
UAE’s Abu Dhabi Ports (ADP) has signed a $300m investment cooperation agreement with China’s Jiangsu Province to strengthen economic ties in the free trade zone (FTZ) area in Khalifa port,…
Just when it seemed it was a case of plain sailing for Cosco Shipping’s plans to further develop Greece’s Piraeus as Asia’s gateway to much of southern Europe a new…
Taiwan’s dry bulk carrier shipowner Wisdom Marine is looking to raise up to TWD320m ($10.8m) via the issuance of new shares for the purpose of financing new ships.
The bunker trader is facing a diminishing role in an evolving business landscape where ship operators are increasingly looking to secure supplies directly cutting out the intermediaries.
Bearish market sentiment has descended upon freight rates with the value of FFA contracts slashed and in full retreat. The Baltic Dry Index (BDI) dipped to 968 points on Wednesday after plateauing for past three days in a 977-980 range. 
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