Finance & Insurance

Market sentiment for Capesize market was on the rise this week despite the widening gap between the physical and paper market.
Norway-based oil-services investment company Akastor has announced it has completed the sale of 50% of AKFOS Offshore to form a joint venture with Mitsui and MOL, per the agreement signed…
The Eastern Mediterranean’s largest port, Piraeus, was the star of the recent China Global Television Network (CGTN) report ‘Where the maritime silk road meets land’.
DHT Holdings has raised $50m in financing for its scrubber retrofit programme.
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…
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