Finance & Insurance

All the latest new on ship finance, banking, leasing, loans and deals, and developments in marine insurance, hull and P&I cover.

Fear for Indian seafarer families – Egypt seeks $1bn compensation to free Ever Given

Apr 12, 2021

There is fear among the families of 25 Indian crew on the container vessel Ever Given that their breadwinners may be stuck in Egypt for some time, as wrangling continues over a $1bn compensation demand by the Suez Canal Authority (SCA).

Shipping lawyer Slinning takes the helm at Norwegian firm SANDS

Apr 09, 2021

Norwegian law firm SANDS has appointed Oddbjørn Slinning head of its shipping, energy, and offshore practice as managing partner.

‘Human element’ a key focus following major casualties

Apr 09, 2021

Two major casualties in the last year – the Ever Given and the Wakashio - have once again brought shipping to the world’s attention for the wrong reasons.

Questions on the insurance ramifications of the blocking of the Suez Canal by the Ever Given

Apr 08, 2021

Maritime Lawyer Christopher B. Kende examines the insurance considerations of the Ever Given blocking the Suez Canal at the end of March.

Ex-NOL/APL chief Kastrup and Heliconia’s Gan in senior roles at PIL

Apr 07, 2021

Former NOL/APL CEO Lars Kastrup and Heliconia Capital Management director Gan Chee Yen, have been appointed to top management positions at Pacific International Lines (PIL) following its rescue by the Temasek Holdings unit.

CDB Leasing’s ship leasing assets hit record $5.26bn in 2020

Apr 01, 2021

The total assets of ship leasing business of China Development Bank Leasing amounted to RMB34.18bn ($5.26bn) in 2020, hitting a record high.

International Seaways and Diamond S Shipping to merge

Apr 01, 2021

International Seaways (INSW) and Diamond S Shipping are to merge in an all stock deal to create the second largest listed tanker company in the US.

PIL completes $600m restructuring

Mar 31, 2021

Pacific International Lines (PIL) has completed its restructuring with a $600m investment into the Singapore container line which hit severe financial troubles early last year.

Size of Ever Given limits Suez Canal recovery options

Mar 25, 2021

Stricken containership Ever Given’s size means salvors will need to work with ballast and cargo left onboard, according to a local consultant.

When capacity is at a premium, container layers are filled nine high

Mar 25, 2021

The liner sector has ridden high on Asia’s recovery post-pandemic but now risks being pulled up by its own overzealousness, writes Jim Hanscom.

Finance & Insurance

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