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Finance & Insurance

Outstanding achievements made by Asian shipping players were recognised at the Seatrade Asia Awards 2013 where close to 400 top shipping executives from different sectors of the global shipping community…
Sovcomflot (SCF) has reserved construction slots with Russian shipbuilding group United Shipbuilding Corporation (USC) to expand its fleet of Velikiy Novgorod class LNG carriers.
Russian shipping giant Sovcomflot, natural gas provider OAO Novatek and Russian state corporation "Bank for Development and Foreign Economic Affairs" (Vnesheconombank) have signed an mou for the construction of two…
The latest technical innovation causing a headache for the shipping industry is social media, and according to many its impact on shipping could be the greatest of all technical developments.…
US private equity firm Lindsay Goldberg (LG) has expanded its stake in Odfjell's global tank terminal segment to 49% of the Norwegian group's global activities. 
Torm has announced the termination of its American Depository Receipt (ADR) programme due to its cost and small scale.
Malaysia's MISC Berhad is seeking a $750m five-year term loan to refinance a $1bn loan it signed in 2008, wire reports quoted sources as saying.
The container ship orderbook has fallen below 20% of the world trading fleet on a twenty foot equivalent unit (teu) capacity basis, Braemar Seascope has reported.
The International Maritime Organisation (IMO) has chosen Det Norske Veritas (DNV) to research the potential of LNG as a fuel in the North American Emission Control Area (ECA).
Ship Finance International (SFI) has announced an offering of 8m common shares, worth around $140m at the company's current trading price.
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