Finance & Insurance

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

CDB Leasing acquiring 16 newbuild bulkers

Nov 10, 2021

China Development Bank Financial Leasing (CDB Leasing) is to acquire 16 bulk carriers at a total cost of CNY688m ($107m).

Idan Ofer and John Fredriksen invest in Edda Wind IPO

Nov 09, 2021

Two of the world’s leading shipowners John Fredriksen and Idan Ofer are investing NOK200m ($23.5m) in Edda Wind as cornerstone investors in its initial public offering (IPO).

New Eksfin boss’ sustainability focus for Norway’s export finance setup

Nov 08, 2021

Tone Lunde Bakker took the helm at Norway’s newly restructured export credit agency, Eksfin, in August and has wasted no time in establishing new focus areas and adjusting the agency’s business models to reflect changing priorities across...

Bank lending to shipping hits 14-year low

Nov 08, 2021

Despite the departure of two leading European lenders to shipping, European bank portfolios account for near a 60% share of global ship finance last year, reports Petrofin Research’s latest survey of key developments in global ship finance.

China Dongfang Shipbuilding assets to be auctioned online

Nov 05, 2021

China Dongfang Shipbuilding’s assets are going to be auctioned online this month.

P&I Clubs go for double-digit increases as pool claims rise

Nov 04, 2021

The frequency of International Group of P&I Clubs’ (IG) pooled claims, which lie between $10m and $100m and are shared by its 13 member Clubs, is not rising, but the scale of individual claims reached a new high last year and is continuing to...

CMA CGM in $2.3bn Los Angeles terminal splash

Nov 04, 2021

CMA CGM is acquiring Fenix Marine Services (FMS) one of the largest container terminals in the Port of Los Angeles.

Podcast: Maritime in Minutes - October

Nov 04, 2021

In this latest Maritime in Minutes episode of the Maritime Podcast Seatrade Maritime News Editor Marcus Hand takes the listener on a short journey through some of the most significant and interesting stories in the world of maritime that happened...

China Foreign Minister hails Greek port investment

Nov 02, 2021

China’s Foreign Minister Wang Yi hailed Chinese investment in the port of Piraeus as he kicked off his European tour in Greece.

Insurers eye containership claims with dismay

Nov 02, 2021

The rising number of large insurance claims relating to container ship operation is of mounting concern both to hull underwriters and P&I clubs.

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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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