Finance & Insurance

The focus of the International Salvage Union (ISU) over the coming year will be to promote recognition and appreciation of “the importance of a properly funded salvage sector,” according to its president Richard Janssen, also md of Smit Salvage.

Tanker owner Frontline has sealed a sale-and-leaseback deal worth up to $544m with China’s ICBC Financial Leasing over 10 suezmaxes.

Law firm Squire Patton Boggs are launching a new global commodities and shipping group in Singapore with two partners jumping ship from Reed Smith.

Ince managing partner in Singapore Devandran Karunakaran has been fired from the law firm after he was convicted of molesting three women in pub last year.

The current ecosystem in the container shipping market is favourable to shipyards and financiers with lines expected to grow organically, with no oversupply of tonnage, according to Jan Olaf Probst, director business development and executive vice...

A discussion on the perennial topic - the $200bn question of where is the capital for shipping needs – turned into a lively sparring match between top executives at last week’s Marine Money Ship Finance Forum in New York.

Leaders from the maritime, legal and banking sectors in Hong Kong see huge business potential in the Greater Bay Area and stress that governments need to listen to voices from the private sector.