Finance & Insurance

Euronav has entered into a sale and leaseback agreement for three VLCCs with China’s Taiping & Sinopec Financial Leasing.

CDB Leasing (International) Company, wholly-owned subsidiary of China Development Bank Leasing, has entered into a vessel purchase agreement with CMB International Leasing Management Limited to acquire an LNG vessel for $154.5m.

Diamond S Shipping Inc. has closed on a five-year $525m credit facility that includes a $375m term loan and a $150m revolving credit facility.

Lifting, slips and trips or falls, are the most frequent types of accident at sea according to a study of injury claims by the American Club, ABS and Lamar University.

Japan has joined countries expressing interest in the privatization of northern Greek port Alexandropoulis which is being developed into a major energy hub through the LNG trade to serve Greece, and the wider Central and Southern Europe.

A fire on the newly converted hybrid car ferry MF Ytterøyningen on 10 October was probably caused by a leak in the battery system’s liquid cooling circuit, according to an investigation of the incident.

Despite a backdrop of premium erosion challenging its operating results the American Club says its mutual and fixed premium businesses are in a buoyant state.