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

Costamare diversifies into dry bulk with deals for 16 vessels

Costamare is putting some of its mounting cash balance from a sizzling market into a similarly strong dry bulk sector where opportunities may be easier to find

International Greece

Pan Ocean to drop dual listing in Singapore

Pan Ocean Co announced its delisting bid after announcing a slew of charters and shipbuilding orders in the LNG space

Singapore South Korea

Why Nautilus backs global minimum tax for shipping

‘A global minimum tax would erode the business model of flags of convenience and encourage companies to base themselves and their ships in bona fide flag states,’ writes Mark Dickinson

International Finance

Diana prices new $125m bond in refinancing exercise

Greek dry bulk carrier owner buys back $78m of older 9.5% bonds and will use the new bond proceeds to finance the remaining portion

Europe Greece

Shotgun marriage of shipping and private equity stumbles on

‘There is a lot of talk about get in and get out in five years, and hard deadlines for exit for the funds. It turns out five years isn’t a hard deadline,’ says law firm partner

International Dry Bulk

Höegh LNG buys minority stake in green hydrogen company

The investment in the Vitol-backed Gen2 Energy will see Höegh LNG collaborate for the seaborne transportation and infrastructure development of green hydrogen out of Norway. The two companies will also work together on potentially green hydrogen propulsion system for ships

International Norway

Cosco in talks to acquire Hamburg terminal stake

Move comes with the Chinese giant’s ambition to further expand globally, despite the ongoing coronavirus pandemic and rising geopolitical uncertainties

China Germany

CMA CGM revenues surge on demand

Additional capacity will help towards easing supply chain disruption. But strong demand is set to remain into second quarter

Europe France

Diana agrees two charters at double previous rates

New charters commence on June 6 and June 10

International Europe

Shipowners will soon face taxes as well as death

If the industry is effectively in the same tax bracket as substantial trucking outfits or high-street retail chains, the matter could be put beyond doubt by publishing the proof

International Finance

Declining revenues raise concern over viability of salvage industry

International Salvage Union members reported a total of $98m in revenue from just 52 wreck removal jobs last year, in contrast to a haul of $284m from 101 such services in 2019

International Casualty

Chinese grain demand offers ‘significant boost’ to panamax earnings

The strong container shipping sector will drive many agricultural consignments to the dry bulk segment because of equipment shortages and high freight rates, according to Ocean Analytics founder Ulf Bergman 

China Dry Bulk