Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

Finance

Keep informed with daily analysis and insight into shipping’s relationship with financial markets including company results, credit reports and investment decisions

It’s not yet time for Plan B on Russia shipping sanctions

Our industry is providing a second front without the shooting. Let the vice tighten slowly but surely

Sanctions Political Risk and Trade

Steamship Mutual returns to underwriting surplus

Free reserves take hit from negative investment return, but club gained both owned and chartered entered tonnage last year

Insurance United Kingdom

Samantha Xu set to be new BW LPG finance chief

The new chief financial officer has more than 20 years of international finance experience in shipping and energy. These include stints with important names including AP Moller-Maersk, Odfjell, J. Lauritzen and Vopak

BW firms People

Western insurers cover two thirds of Russia’s Baltic and Black Sea oil exports

Greek shipowners and insurers have limited presence on Russia’s eastern seaboard where oil is selling above the Western price cap, driving trade bifurcation and rise of dark fleet of anonymously owned, vintage tankers

Sanctions Political Risk and Trade

Demand slump weighs on box terminal valuations

Container terminals benefited from supply chain congestion during the pandemic. But with demand growth now stagnant and finance costs rising, the shine has come off the sector

Containers Finance

China’s PMI dips further in May, setting softer tone for dry bulk market

The capesize market has fallen on the back of news about PMI measurements, which have a bearing on all shipping sectors, but particularly on the bulker and container sectors

Dry Bulk Finance

BW Epic Kosan garners $140m sustainability-linked loan

Funds will be used to finance 19 vessels in its fleet. An additional $20m acquisition line was provided to finance potential growth opportunities

BW firms Finance

MOL sets up US-based start-up unit

The company is set to open an office in California in August. It is slated to invest $100m in total over the next three years

Japan United States

Frontline says tanker outlook not affected by short-term volatility

John Fredriksen-controlled business expects oil demand to rise significantly in the second half of the year, during which China’s reopening will become the key demand and volatility driver

Asia Pacific Tankers and Gas

Fredriksen and International Seaways trade barbs ahead of annual meeting

Ahead of  International Seaways’ annual shareholder meeting and just over a year after its board adopted a ‘poison pill’ to block billionaire John Fredriksen from crossing an ownership threshold, tensions remain high between the company and its largest shareholder

Finance United States

Shanghai Waigaoqiao Shipbuilding to take 35% stake in Shandong Shipping in exchange for unpaid rig building debts

The delayed delivery and uncertain payment indicates recession in offshore market. The four jack-up rigs were delivered in 2020, but remain unpaid and SWS has expressed concerns about full repayment within the scheduled time frame

China Offshore

BW LPG CFO Elaine Ong steps down

Head of corporate development and investor relations Iver Baatvik will act as interim chief financial officer

Asia Pacific Singapore
See All
UsernamePublicRestriction

Register