Finance & Insurance

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

Temasek Holdings' Heliconia in $600m rescue package for PIL

Nov 13, 2020

Singapore’s Temasek Holdings' Heliconia Capital Management is set for $600m rescue package to Pacific International Lines (PIL) with the container line warning of liquidation if creditors do not back the plan.

Sustainability has a human face

Nov 13, 2020

Sustainability in shipping is not just about the environment and Michael Grey highlights the issue of human rights of seafarers and the conduct of charterers.

PIL seeks creditors' meeting to start restructuring

Nov 11, 2020

Singapore’s Pacific International Lines (PIL) announced on Monday that it is looking to start a scheme of arrangement process to be proposed to its creditors.

How will US President-elect Biden impact shipping?

Nov 09, 2020

Shipping market forecasters can take solace in the fact the US election pollsters and pundits also have a dismal record as was drawn out in the latest Presidential election.

Winners of the first Seatrade Maritime Awards International announced

Nov 06, 2020

A stellar line-up of winners has been announced during the first Seatrade Maritime Awards International event – held in Shanghai, China – co-organised by Shanghai International Port Group (SIPG).

Hong Kong Focus: Maritime law in 2020

Nov 03, 2020

In this episode leading Hong Kong lawyer Rosita Lau, Partner with Ince & Co, discusses developments in the sphere of maritime law in the Special Administrative Region in 2020.

Hong Kong Focus: Trying to stay ahead in 2020

Nov 02, 2020

Benjamin Wong, Head of Maritime Cluster of Invest Hong Kong, describes what makes the Special Administrative region such a vibrant maritime hub and talks about some of the initiatives the government is undertaking to stay ahead.

SCRIBE - a new initiative to settle small claims in maritime

Nov 02, 2020

A new initiative to settle small claims in maritime and oil and gas – SCRIBE or Small Claims Resolved Informally by Experts – administered by LWP.SG Consultants in Singapore, has been soft launched.

Greek minesweeper loses stern in Maersk boxship collision

Oct 28, 2020

The 27-member crew of The Hellenic Navy minesweeper Kallisto lost its stern after being in collision with a container ship off Piraeus port just after daybreak on 27 October.

New global shipping hubs to threaten Piraeus

Oct 27, 2020

Traditional shipping centres such as Piraeus will face increasing competition with the rise of new hubs over the next 20 years.

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