Industry Sectors:Finance & Insurance

Finance & Insurance

Scorpio Tankers Inc. has entered into a sale-and-leaseback deal with China’s Bank of Communications Financial Leasing (Bocomm Leasing) for five secondhand MR product tankers.
Cosco Shipping Leasing Co has proposed to issue asset-backed notes of approximately RMB2.99bn ($457.5m) that will be utilised by its affiliate Cosco Shipping Development Co (CSDC).
CSIC Leasing, the financial leasing arm of China Shipbuilding Industry Corp (CSIC), has made its first-ever sale and leaseback transaction worth $65.5m with Greek tanker owner and operator Eletson Corporation.
The Export-Import Bank of China (China EximBank) has affirmed its interest in the financing of Chinese-built LNG newbuilds, following the completion of an eighth vessel under the bank’s portfolio.
Energy pricing agency S&P Global Platts has proposed to start publishing new daily assessments for marine fuels with a maximum sulphur content of 0.5% from January 2019.
Synergy Offshore chief executive, Fazel Fazelbhoy, revealed the scale of the downturn facing OSV operators in Middle East waters when he moderated a session of regional updates at Seatrade Offshore…
Cosco Shipping Holdings announced that it has benefited from a government subsidy in the amount of RMB510m ($78.3m) under a scrap-and-build policy.
Transocean is taking a $1.4bn impairment on scrapping six deepwater and ultra-deepwater rigs and drillships.
Emirates Maritime Arbitration Centre (EMAC) highlighted Bills of Lading disputes at a breakfast seminar on Sunday.
Cosco Shipping Energy Transportation (CSET) announced that it has received RMB355m ($54.9m) in government subsidy under the scrap-and-build policy.
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