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
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
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
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
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
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
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
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
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
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
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
BW LPG CFO Elaine Ong steps down
Head of corporate development and investor relations Iver Baatvik will act as interim chief financial officer
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.