Finance
Keep informed with daily analysis and insight into shipping’s relationship with financial markets including company results, credit reports and investment decisions
Puzzled by Aponte’s Gram Car Carriers deal? Don’t be
After putting together the world’s biggest shipping empire in little over five decades, it’s safe to say this guy knows what he’s doing
Wärtsilä chief says shipyard capacity slowly improving
LNG carrier segment experiencing major bottleneck, but other segments have more shipyard capacity
CMA CGM offers $214m fund to finance decarbonisation projects
Public sector investment bank Bpifrance will manage the majority of the fund, which will also finance research projects within the maritime sector
Shipping markets no longer just about supply and demand, says Norden’s Rindbo
‘The ability to stay nimble to react to changes in shipping markets is more important than ever,’ says Norden chief executive
MPC Container Ships splits top job
MPC Container Ships’ Baack is to replace Ulf Holländer in the top role at the company’s largest investor. His role will now be shared with chief financial officer Moritz Fuhrman
Another one bites the dust: Shipping stocks keep disappearing from the ticker
After waves of public listings in the 2000s and early 2010s, the private model — always dominant in shipping — has become more popular over the past decade. Privatisations and mergers are driving more delistings
Red Sea diversions weigh on cargo volumes and revenue at Höegh Autoliners
Fifth-biggest vehicle carrier operator reports a 14% drop in quarterly revenues because of longer Red Sea diversions. Nevertheless, spot freight rates are being maintained at record levels and Höegh Autoliners should gain from an uplift in pricing from upcoming contract renewals with its major shippers
Marinakis group takes delivery of last feeder newbuildings
Energy efficient, nine-ship series of 1,827 teu vessels from Hyundai Mipo is employed under a mixture of charters
MSC set to take over vehicle carrier tonnage provider Gram Car Carriers
Cash offer by MSC subsidiary for all issued and outstanding shares in Oslo-listed non-operating owner was unexpected. Whether MSC’s move heralds future expansion in to vehicle carrier liner services, with potential crossover from its container shipper clients, remains to be seen
Falling freight rates could benefit logistics operators
Swiss logistics operator Kuhne+Nagel is focusing on reducing its unit costs as demand stagnates. But high-margin customers are still profitable even if overcapacity drives down rates
Aramco seeks Hengli stake to secure China’s demand
Proposed transaction could potentially present opportunities for Hengli’s shipbuilding subsidiary, which is expanding into the tanker sector
Shippers balk at cost of low-emission products
There have been some high-profile early adopters of low-emission shipping. But for most shippers, profitability is still more important than sustainability
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