Norwegian mutual war risk insurer, Den Norske Krigsforsikring for Skib (DNK), and the Norwegian Shipowners’ Association (NSA) are establishing a new setup, Norma Cyber, which will cover cyber risk for DNK members from 1 January 2021.
The Panama Ship Registry has joined the Maritime Anti-Corruption Network (MACN) becoming part of the world’s largest group of maritime companies fighting for a better and corruption-free business environment.
Technical consultancy AqualisBraemar has inked an agreement to acquire 100% stake in rival LOC Group to create a leading global independent offshore energy and marine consultancy.
Sovcomflot (SCF) has released Q3 results to end-September showing that time-charter equivalent (TCE) revenue increased 22% year-on-year to $1.07bn while net profit more than doubled to $249.5m.
China Development Bank (CDB) Financial Leasing has entered into a sale-and-leaseback deal for six ultramax bulk carriers with Germany’s Oldendorff Carriers.