Finance & Insurance

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

PIL to repay full $1bn in restructuring debts ahead of schedule

Nov 26, 2021

The booming container shipping market came too late save Pacific International Lines (PIL) from restructuring, but is enabling repay scheme debts to the tune of $1bn ahead of schedule.

Swire Pacific Offshore hit by cyberattack

Nov 26, 2021

Swire Pacific Offshore (SPO) is the latest maritime-related business to be hit with a cyberattack with a loss of both commercial information and personal data.

Container shipping Q3 profits surpass tech giants

Nov 22, 2021

Unprecedented $48.1bn earnings for container shipping in Q3 saw the industry surpassing tech giants Facebook, Amazon, Netflix and Google, or FANG, in terms of profitability.

Maersk issues EUR500m green bond to fund methanol-powered newbuilds

Nov 19, 2021

AP Moller - Maersk successfully placed a EUR500m green bond issue to fund its green methanol powered newbuildings.

IUMI report highlights ship fire and cargo storage risks

Nov 18, 2021

Although the just released Stats Report from the International Union of Marine Insurance (IUMI) identifies broadly positive trends in 2020, it also highlights specific areas of concern – notably shipboard fires on containerships.

Eight Brightoil tankers facing online auction

Nov 16, 2021

Eight tankers owned by Brightoil will be auctioned online in December this year, after the company’s restructuring bid failed last year.

Container lines rack up huge Q3 profits

Nov 15, 2021

Container lines raked in massive profits in the third quarter as supply chain disruption and port congestion continued unabated.

ICS and IMO seek $1.5m from Green Climate Fund for zero carbon R&D fund

Nov 11, 2021

The International Chamber of Shipping (ICS) and International Maritime Organization (IMO) are seeking to fast track a proposed zero carbon R&D fund with $1.5m from the Green Climate Fund.

Noble Corp and Maersk Drilling to merge

Nov 11, 2021

Texas-based Noble Corporation and Maersk Drilling have announced they will combine their offshore drilling operations.

Brazil road show to promote port concessions

Nov 11, 2021

Brazil is seeking $4.2bn of private investment into the transportation sector and is specifically promoting opportunities in the port sector.

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Finance & Insurance

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

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