Finance & Insurance

With traditional banks cutting back on ship financing and owners increasingly looking to alternative ways to finance fleet renewal and investment programmes, Chinese banks have climbed to the top of…
Maersk Line rolling out a new Bunker Adjustment Factor (BAF) designed to recover increases in fuel related costs from the 2020 0.5% sulphur cap which could exceed $2bn for the…
Japanese firms Mitsui OSK Lines (MOL) and Marubeni Corporation are moving quickly forward with the development of liquefied natural gas (LNG) transshipment terminals in the Far East with the signing…
Today sees the end of the first ‘Maritime UK Week’, a new initiative held in the same mid-September slot occupied by the biennial London International Shipping Week (LISW) in alternate…
Like a weary boxer, the Capesize freight market crumbled just before the knockout blow of escalating US - China tension.
Shipping giant Maersk Group is set to announce an organisational restructuring according to Danish newswire Ritzau Finans.
Dorian LPG has fired back that BW LPG has been “disingenious” to say it has been unresponsive to the Singapore-owned company's takeover proposals.
Battered offshore supply vessel (OSV) shipbuilder Nam Cheong is looking forward to emerging from its long period of financial troubles with the successful approval and sanction of its scheme of…
Liberia flag vessels will continue to enjoy preferential tonnage dues at China ports with the renewal of a maritime agreement between China and Liberia for another five years.
The business of offshore drilling and exploration, a close cousin of shipping, continues to generate business combinations, also known as “consolidation”, against the backdrop of worldwide economic strength and oil…
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