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Finance & Insurance

Hamburg: German state bank KfW is considering making finance available for shipbuilding, despite continuing liabilities in its shipping portfolio, Reuters reports.
Private equity has made a visible mark on the shipping scene; in the latest iteration, a big fund group is getting behind an acquisition company that was unable to pull…
Riyadh: First quarter net profit at Bahri (formerly National Shipping Company of Saudi Arabia) fell 9.7% year on year from SAR160.1m in 2012 to SAR144.5m 2013.
Beijing: China's ICBC Financial Leasing is seeking to double the value of its ship asset portfolio this year, with a particular target on foreign shipowners with leasing deals, a senior…
Sydney: Australia's New South Wales government is privatising Port Botany and Port Kembla with 99-year leases, a deal giving more than AUD4bn ($4.2bn) of infrastructure projects for the state.
Dubai: The Shipping Corporation of India (SCI) will take over six of the seven vessels belonging to recently dissolved Iranian joint venture Irano Hind Shipping.
Seoul: Troubled Korean shipbuilder STX Offshore and Shipbuilding's share price sank today to its lowest value since the company was listed in 2003.
In the latest issue of Seatrade Asia Week we bring you all the news from Sea Asia including exclusive interviews with Chen Bin, deputy general manager, transport finance department, China…
Copenhagen: Tanker rates in the first quarter have outperformed those of the comparable quarter last year reports troubled Danish tanker operator Torm.
Hamburg: The city of Hamburg still wants box lines Hapag-Lloyd and Hamburg Süd to merge, a city official told Reuters.
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