Finance & Insurance

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

IDB structures finance for BW LNG El Salvador FSRU

Mar 24, 2021

IDB Invest, a multilateral development bank and member of the IDB Group, has structured a $128.3m financing package to support investment in a floating storage and regasification unit (FSRU) to be installed in El Salvador by Invenergy, a US global...

DP World posts ‘resilient’ results, pledges ongoing investment

Mar 22, 2021

DP World has announced robust financial results for the calendar year ended 31 December 2020, with revenue growing 11% year-on-year to $8.53bn and adjusted EBITDA by 0.4% to nearly $3.32bn.

Hapag-Lloyd earns cost of capital for first time in a decade

Mar 19, 2021

With the sharp rise in demand for container shipping in the second half of last year Hapag-Lloyd earned the cost of capital for the first time in a decade in 2020.

Ardmore backs hydrogen fuel cell venture

Mar 16, 2021

Tanker owner Ardmore has joined forces with a financier and a hydrogen generation specialist to help bring hydrogen fuel cells to the marine sector.

Edda Wind orders two vessels, plans Norway IPO

Mar 16, 2021

Wilhelmsen and Østensjø joint company Edda Wind has ordered to two more Commissioning Service Operation Vessels (CSOV) and is looking to an Initial Public Offering (IPO) to fund further expansion.

Concordia Damen launches BesteVaer Capital Fund

Mar 16, 2021

Concordia Damen has launched a Capital Fund targeting the purchase of new and used vessels in the inland transportation sector.

UK’s Port of Sunderland prepares for investment

Mar 12, 2021

The Port of Sunderland in the UK is hoping for planning approval on infrastructure works to prepare an 11-acre site for investment and development.

Greek port privatistion attracts global interest

Mar 08, 2021

Greek plans to privatise second tier ports in the country are attracting interest from companies in US, China, Israel, Russia, Italy and Germany.

Container shipping could save $4bn a year from 50% take-up of e-Bills of Lading

Mar 05, 2021

A 50% adoption of usage of electronic Bills of Ladings by shippers in the next 10 years could save the container shipping $4bn in costs annually.

Baltic adds new LNG indices, CME futures to follow

Mar 04, 2021

The Baltic Exchange added new indices for LNG carriers burning LNG as their primary fuel on March 2, with data available from the start of 2020.

Finance & Insurance

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