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 buying seven bulkers from SFL Corp

Sep 16, 2021

CDB Leasing (International) Company Limited, a wholly-owned subsidiary of China Development Bank Financial Leasing, is acquiring seven bulk carriers from SFL Corporation.

Carrying containers on a bulker – what the experts say

Sep 09, 2021

In another sign that container shipping is reaching the insane freight and charter rate levels of dry bulk shipping supercycle in 2008 the new business opportunity is carrying containers on bulk carriers.

2021 Finalists announced for Seatrade Awards, in association with Lloyd’s List

Sep 08, 2021

After a fiercely competitive entry campaign, the official shortlist for the 32nd edition of Seatrade Awards, in association with Lloyd’s List, has been announced today (Monday 6 September) with judges praising entrants for their resilience...

Global shipping fleet value hits all time high of $1.2 trillion

Aug 27, 2021

With the worth of the global merchant shipping fleet at an all-time high of $1.2trn, value of the Greek-owned merchant fleet grew over 32% in the past three years and now stands at $132.58bn, reports consultancy VesselsValue.

Danaos secures $378m in fresh charters

Aug 17, 2021

New York-listed Danaos Corporation announced it has signed new charter agreements for 10 of its vessels totalling $378m in new revenue.

Ashcroft Terminal signs investment deal with Canadian Tire

Aug 17, 2021

Canadian Tire Corporation will acquire a 25% equity interest in PSA-opertaed Ashcroft Terminal Limited under a new investment agreement.

SITC posts a 79.6% first half revenue growth

Aug 16, 2021

China’s shipping logistics company SITC reported approximately $1,334m revenue for the first half of 2021, an increase of 79.6% year on year.

MPC Container Ships completes Songa Container acquisition

Aug 10, 2021

MPC Container Ships has completed its $210.25m deal to buy the Songa Container against a backdrop of rising charter rates..

The stars are aligned for Star Bulk

Aug 09, 2021

The stars have indeed aligned for Star Bulk, as it reports a $124.2m Q2 profit and is upbeat on dry bulk shipping market prospects.

Shell the latest energy company to adopt Windward’s AI-powered systems

Aug 06, 2021

Shell International Trading and Shipping Company Limited is to integrate digital predictive intelligence systems developed by London-based Windward to strengthen compliance procedures.

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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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