Piraeus Bank, the leading and longstanding domestic lender to Greek shipping, has teamed up with Japanese finance house, Orix Group to provide loans to Greek shipowners.
Brexit will not unduly affect the Cypriot shipping cluster, says the country’s Shipping Minister, Natasa Pilides.
Ningbo-Zhoushan Port Company plans to issue A-shares to Shanghai International Port Group (SIPG) and its parent company Ningbo-Zhoushan Port Group to raise up to RMB11.215bn ($1.6bn) for construction of port expansion projects.
Former Torvald Klaveness senior executive Punit Oza is taking up the role of executive director of the Singapore Chamber of Maritime Arbitration (SCMA).
AP Moller-Maersk has clinched a new sustainability-linked revolving credit facility of $5bn through a syndicate of 26 banks.
The West of England P&I Club has inked an agreement to acquire a significant stake in marine insurance provider Nordic Marine Insurance (NMI).
Former AP Moller – Maersk cfo Jacob Strausholm, who quit March 2018, was paid close a $1m salary by the Danish shipping last year.
State-owned Vietnam National Shipping Lines (Vinalines) plans to divest capital from 13 member companies this year, Vietnamese media have reported.
Bestway Marine & Energy Technology announced that has received court order for restructuring, but warns of the risk of bankruptcy if the restructuring fails.
Dubai-headquartered dry bulk shipowner Tomini Shipping has been registered for a listing on the Norwegian Over the Counter market (NOTC).