Finance & Insurance

Former Euronav ceo Paddy Rodger, who left the tanker company in early 2019 to take up his current role as director at Royal Museums Greenwich, has joined the board of Dr Ravi K Mehrotra’s Foresight Group as non-executive director of the shipping...

Latest International Salvage Union statistics for 2019 show that while ISU members’ business held up well in 2019, use of Lloyd’s Open Form (LOF) ‘no cure, no pay’ contracts dropped to an all-time low.

The Panama Ship Registry has grown by 4.1% during the first year of its new Administration.

Singapore has retained the top spot as international shipping centre for the seventh consecutive year, based on the 2020 Xinhua-Baltic International Shipping Centre Development (ISCD) index.

Banks are better prepared than in 2008, to face the challenges that are looming post-coronavirus but that an increase in non-performing loans is an inevitable as a result of the pandemic, according to XRTC Business Consultants.

Shanghai Bestway Marine & Energy Technology announced that the company had received notice from Shanghai Public Security Bureau Songjiang Branch that the company’s second largest shareholder was suspected of being involved in contract fraud.

AP Moller – Maersk is acquiring Swedish trade and customs management specialist KGH Customs Services.

The Singapore Exchange (SGX) reported a 19% jump in FFA (forward freight agreements) volume in the first half of the year powered by iron ore trade

The Norwegian ship registries are to allow bareboat registration and deregistration from 1 July.

Fallout from the Covid-19 pandemic has had a strong impact on banks and non-bank lenders to the shipping industry, and despite the ongoing upgrading of the Greek fleet lending to Greek shipowners remains pretty much steady.