Earlier concerns that electronic trading would reduce the need for traditional shipbrokers have diminished over the years, with the leading firms evolving into diversified businesses offering a wide range of maritime services, while still recognising the need for personal contact with their customers
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Executive chairman SS Teo says the company has ‘experienced the most dramatic turnaround’ in its financial position over the past eight months, backed by a pandemic-induced strong freight market
The offering was priced at NKr21 ($2.38) per share, giving the company a market capitalisation of NKr1.2bn. The shares will commence trading on November 29
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Zhao Jiong, chairman of Bocomm Leasing, remains at the top seat in the Lloyd’s List finance ranking. He has pledged to set the fast-growing bank-backed lessor on the path of green finance, with innovative products to carter for decarbonisation
Shipowners say China is important for finance when it comes to renewing and expanding fleets, and would play an instrumental role for those vessels that will soon become unfinanceable by traditional banks
The green transition of international shipping should be driven by technologies not policies, according to Chinese leasing houses
The vessels are equipped with modern eco-design features including exhaust gas cleaning systems
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Most containership newbuilding and secondhand transactions have been conducted by video over the past couple of years; that is expected to remain the case for the small Walter J Hinneberg team, even after international travel returns to normal
As well as investing in artificial intelligence and robotics, the scion of a shipping dynasty is not above buying into plain old bulk carriers
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