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Tanker tycoon John Fredriksen is understood to be considering an offer from the Saverys family’s CMB to buy out his Euronav shares worth just shy of $1bn in return for Frontline ingesting a sizable portion of the Euronav tanker fleet
Offshore wind capacity needs to increase by an additional 50 GW each year over the next 30 years. How can we make sure floating offshore wind is able to play its part?
Fredriksen mulls Euronav share buyout in return for fleet | Chinese ship lessors look beyond mainstay as geopolitics and market slowdown bite | Low lay up levels point to long-term container pain
Firms in other countries using Ince & Co branding unaffected by developments in UK
The International Union of Marine Insurance conference is an annual health check for the shipping industry’s risk cover and as such offers an important, if not at time impenetrably complicated view of the sector as a whole. This week’s podcast offers up a clear explanation of everything you need to know about marine insurance from the people who understand it best. Consider this week’s edition your best, and perhaps only opportunity to learn the marine insurance sector in under 25 minutes
While shipping companies traditionally reinvested profits in expanding and modernising their fleets, listed owners have increasingly been allocating their capital towards debt repayment and share repurchases in recent years amid strong cashflows, regulatory uncertainty and a lack of yard slots
The emergence of Chinese lessors coincided with the retreat of Western shipping banks after the 2008 financial crisis. Today, charting a new course may be more vital than ever, given the mounting market and geopolitical headwinds
Banks are aligning their lending capacity to the newly increased net zero trajectory for shipping. The natural conclusion of this process will be a reduction in shipping finance from banks. Capital will increasingly only flow in the direction of those companies with the ‘right’ decarbonisation strategies
Private equity providers of debt in the maritime space are sandwiched between banks lending to shipowners with modern assets and unsecured cashflows; and alternative lenders focused on older tonnage and aggressive leverage to get deals done
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