Finance & Insurance

Crewing and commercial issues were in focus in a Capital Link webinar on the impact on shipping of the coronavirus (Covid-19).

The deepening of the lower Mississippi river deepening to 50 feet has received funding approval and will be included in the US Army Corps of Engineers work plan 2020.

The Greek government has vowed “2020 will be a year of change for Greek shipping”.

The impact of the EU, OECD, and US agency OFAC, on the maritime industry and the need for transparency were in focus at the regulation session of Norwegian and Hellenic Chambers of Commerce conference in New York.

Bpifrance, a French export credit agency, has signed up to the Poseidon Principles to become the 17th signatory with a collective aim to limit carbon emissions from ships.

Teekay Tankers has inked deals to sell three suezmax tankers and close a new five-year $533m revolving credit facility to refinance 31 vessels.

One of Greece’s most respected shipping voices is urging the industry to chase European Green Deal funding to support the building of low-carbon tonnage.