Company says the equity issue was ‘significantly’ oversubscribed and was directed towards a few industrial and financial investors
The former workhorse of the container sector has fallen from grace in recent years. But the frantic container shipping sector is giving panamaxes one last hurrah before they head to the beaches
The bond issue comes against the backdrop of Beijing’s pledge to decarbonise the country’s economy and the pressing need at the international level for cutting greenhouse gas emissions generated by ships
‘Restrictions are easing, vaccination programmes are progressing well, and a return to more normal activity is under way,’ says chief executive
Chinese tanker owner expects net profits in the January-June period to slump by more than 80% compared to the year-ago period
Sea freight volumes rose in the first half of the year but remain below the pre-pandemic peak. But higher margins drove an earnings rebound
Second issuing coincides with rates for the smaller bulk carrier sector soaring to the highest since September 2008
The maritime holding company focusing on assets with a better environmental performance has recently bought a large offshore wind service operation vessel that it will charter out next year
Chinese company says the sale is part of its plan to retire non eco-designed tonnage given the impending stricter emission rules
All the vessels were built in 2014-2015 and are currently on charter to Maersk and Ocean Network Express with an average remaining charter duration of about two years
Dutch bank ABN Amro is looking for green growth in European shipping projects following the sale of its US portfolio and strategic withdrawal from energy and trade finance
Concordia Maritime and Stena Bulk both controlled by Sweden’s Sten A. Olsson family
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