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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

ICBC Leasing agrees distressed offshore assets deal with Sinoocean

Sinoocean recently signed bareboat charters with CNOOC for two China-built offshore support vessels

Asia Pacific Offshore

Hafnia seeks dialogue after Ardmore rejects ‘takeunder’

The two companies’ chief executives open up on the failed merger attempt that would have created the world’s large product tanker operator

Products Energy

Hong Kong tightens crew change policy as infections rise

The draconian rule that all entering seafarers take a swab test might require some logistical adjustments for shipping firms to change crew in Hong Kong. However, it may weaken the port’s position as a popular spot for sale-and-purchase brokers to deliver their vessels

Asia Pacific Containers

Seanergy acquires capesize to benefit from hot spot market

The $11.4m purchase price for the Japanese-built vessel is being funded by cash, which has been sourced from recent fundraisers

Dry Bulk Sale and Purchase

D’Amico sells two of its oldest medium range tankers

The sale of the two vessels is expected to generate net cash of $16.3m

Tankers and Gas Sale and Purchase

Ardmore rejects Hafnia merger proposal

The move suggests Hafnia is pursuing companies for consolidation and sees an Ardmore combination as an entry path to exposure to New York-based investors and greater liquidity

International Tankers and Gas

Coronavirus impact weighs heavy on China's expansion projects

An even wider issue is the possibility that Chinese financing for BRI projects might be set back to the extent that it will scuttle some of them

Asia Pacific Finance

Tanker frenzy boosts profits at China Merchants unit

The depressed dry bulker and ro-ro markets during the same period dented the company’s results

Asia Pacific Tankers and Gas

Antong owners get China stock market ban

China Merchants has gained de facto control of Antong through an earlier bailout deal

Asia Pacific Containers

MPC Container Ships seeking bigger cash shot to avert covenant breach

The operator of 68 smaller boxships has admitted that it has been subject to liquidity pressure in the wake of the coronavirus pandemic, and is known to have been in talks with creditors for some time

Norway Containers

‘New wave of bad loans on the way’ — ship finance survey

Financiers rate lower freight rates as the top concern, followed by supply chain disruption, with general travel restrictions and crew changes in third and fourth places

International Containers

Stolt-Nielsen prepares for tougher times ahead

The company increased contract coverage at better rates to protect its revenue base

International Tankers and Gas
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