Finance & Insurance

The Singapore Exchange (SGX) reported a 19% jump in FFA (forward freight agreements) volume in the first half of the year powered by iron ore trade

The Norwegian ship registries are to allow bareboat registration and deregistration from 1 July.

Fallout from the Covid-19 pandemic has had a strong impact on banks and non-bank lenders to the shipping industry, and despite the ongoing upgrading of the Greek fleet lending to Greek shipowners remains pretty much steady.

The Chliean logistics, port and towage group SAAM has placed a total of UF1.2m ($42m) in bonds with a listing on the Santiago Stock Exchange.

The Union of Greek Shipowners (UGS) remains committed to implementing US sanctions and urges members to refrain from conducting any business with Venezuela until there is a change in that country’s regime.

Oman Shipping Company (OSC), a member of ASYAD Group, has agreed a sustainable financing deal described as the first of its kind both in Oman and for Standard Chartered Bank in the Middle East.

Singapore rigbuilder Keppel FELS has rejected allegations by Awilco Drilling that it breached terms under the construction contract for the semi-submersible newbuild Nordic Winter which the drilling company has terminated.