Finance & Insurance

Bankrupt Yangzhou Dayang Shipbuilding, a subsidiary of Sinopacific Shipbuilding Group, has held its first creditors’ meeting on Saturday, more than two months after the yard went under receivership.
The tanker market is seeing the “full realistion” of oversupply the ABSA Cargo Conference was told last week, but changing trading patterns were also starting to emerge.
Emirates Maritime Arbitration Centre (EMAC) continues to explore opportunities for collaboration, this time in Denmark.
Navios Maritime Holdings’ planned deal to acquire a majority stake in First Ship Lease Trust (FSL Trust) has fallen through.
This week began with a blast as the Baltic Dry Index (BDI) reached a three-year high to 1,503 points on Monday before plunging down toward the 1,429 by mid-week. The…
Hapag-Lloyd has taken delivery of the 15,000 teu Al Jemilyah, the last of a series 17 newbuilds ordered from the Hyundai Samho yard by UASC in the summer of 2013.
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.
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