Finance & Insurance

BW Group ceo Carsten Mortensen has resigned from the Singapore-headquartered shipowner with immediate effect.
The state-owned Vietnam National Shipping Lines (Vinalines) will try a second public share sale of the remaining 480 million shares not purchased at its recent public offering early September, reported Vietnam…
It was a quiet week for the freight market which neither the Singapore F1 race nor typhoon Mangkhut hitting Hong Kong and Souch China failed to make any impact.
The UAE’s new Federal Arbitration Law passed in June is expected to help it rival London, Paris and Singapore as an international arbitral seat.
Major container lines Ocean Network Express (ONE), Orient Overseas Container Line (OOCL) and APL all say that the costs of complying with the 2020 low sulphur cap will have to…
Given how difficult it is to recover the cost of capital in shipping BW Group chairman Andreas Sohmen-Pao says he is “astonished” by the amount new equity that comes into…
Who knew it? Ports are a vital part of the UK economy, Liam Fox told a gathering of some 200 people at a reception in the House of Lords last…
With traditional banks cutting back on ship financing and owners increasingly looking to alternative ways to finance fleet renewal and investment programmes, Chinese banks have climbed to the top of…
Maersk Line rolling out a new Bunker Adjustment Factor (BAF) designed to recover increases in fuel related costs from the 2020 0.5% sulphur cap which could exceed $2bn for the…
Japanese firms Mitsui OSK Lines (MOL) and Marubeni Corporation are moving quickly forward with the development of liquefied natural gas (LNG) transshipment terminals in the Far East with the signing…
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