Yangzijiang Shipbuilding is to issue S$50m convertible bonds to strategic investors EDB Investments and Alexandrian Worldwide as it looks to strengthen its position in Singapore’s maritime industry.

2021 was Norden’s best financial performance for 11 years, and the company expects to do even better in 2022.

New KfW IPEX-Bank client Eureka Shipping has secured EUR29m ($32.2m) in financing for three cement carrier newbuilds.

Energy companies are moving to exit their Russian investments in response to the Ukraine conflict.

Two Ukrainian commercial ships are reported to have been seized by the Russian Navy.

Tanker rates on certain routes responded almost immediately to Russia’s three-pronged attack on Ukraine last Thursday. Freight rates for tankers set to load in both Baltic and Black Sea ports rocketed, with Baltic rates spiralling 240% within hours.

The UK can take steps to maintain its position as a leading maritime nation, according to Maritime London chair Harry Theochari.

Multiple international container lines have announced they will not call Ukraine ports, while Russian services generally remain available.

The privately-owned Chinese yard, Nanjing Huatai Shipbuilding, has filed for bankruptcy with district courts.

Over the last decade the Maritime Anti-Corruption Network (MACN) has collected reports of over 45,000 incidents through its anonymous reporting system.