We Will Be Industry's Collective Voice on IT

Andre Simha, CIO at MSC

MSC's CIO André Simha reveals key drivers behind liner association on digitalization.

Scorpio Bulkers Secures USD 85.5 Mn Loan

Monaco-based dry bulk shipping company Scorpio Bulkers Inc. has received a commitment for a loan facility of up to ...

read more →

Safe Bulkers Secures Fresh Funds to Pay Back Loans

Monaco-based owner of dry bulk carriers Safe Bulkers has refinanced USD 74.9 million loans outstanding, the company ...

read more →

Wilhelmsen Maritime Services Inks USD 640 Mn Loan

Wilhelmsen Maritime Services AS, part of Norwegian Wilhelmsen Group, has entered into a new 5-year credit facility ...

read more →

Chinese Banks- New Source of Capital for Shipping?

Chinese banks seem to be the emerging power when it comes to securing capital for the shipping industry. The market ...

read more →

India Secures Loan to Upgrade Alang Recycling Yard

The Government of India has signed a loan agreement worth USD 76 million for a project to upgrade the environment ...

read more →

Enterprise Secures New Revolving Loans

US-based Enterprise Products Partners has, through its operating subsidiary, Enterprise Products Operating, entered ...

read more →

Capital Product Partners Secures USD 460 Mn Loan

Greek shipping company Capital Product Partners has entered into a firm offer letter for a new senior secured term ...

read more →

Frontline Agrees Loans to Partially Finance Four Ship Deals

Tanker owner and operator Frontline signed two senior secured term loan facilities of USD 110.5 million each to ...

read more →

Petrofin Research: Bank Ship Lending Dwindles

The shipping industry saw USD 42.5 billion removed from the ship lending jar in 2016, according to Petrofin ...

read more →

Korean Bank to Fund Philippines' New Cebu Port

South Korean bank Korea Eximbank (KEXIM) has granted its approval for a financial injection for the ...

read more →

JP Morgan Targets Shipping Assets with New Fund

JP Morgan Asset Management has raised USD 480 million from insurers and pension funds aimed at investing into ...

read more →

HSH Nordbank’s Shipping Loan Losses Reach USD 221 Mn

With persistent shipping woes, the German-based provider of shipping finance HSH Nordbank has seen its loan loss ...

read more →

DSME Selling USD 702 Mn Worth of New Shares

In an effort to improve its financial situation, the South Korean shipbuilder Daewoo Shipbuilding & Marine ...

read more →

New JV to Help Banks Outsource Exposure to Shipping Loans

Hamburg’s maritime asset management firm Ernst Russ AG and Jersey-based investment group Ecofin Holdings ...

read more →

Moody's: German Shipping Lenders Face Squeeze on Profits

Albeit early signs of recovery became visible during the first months of 2017, the shipping industry’s ...

read more →

ISH Moves Towards Emergence from Bankruptcy

Alabama-based shipping company International Shipholding Corporation (ISH) has received the necessary approvals ...

read more →

Commerzbank Takes Step Toward Selling Bad Shipping Loans

German financial services company Commerzbank has returned its regulatory licence to conduct business concerning ...

read more →

Dorian LPG Amends Debt Facility

US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG has entered into an agreement with its ...

read more →

DryShips Bags Financing for Four VLGCs

Greek shipowner DryShips has won “firm commitment” for a senior secured credit facility of up to USD ...

read more →

ICC: USD 1.6 Trn Gap in Global Trade Finance

There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said ...

read more →

ABN AMRO to Finance BWT Systems for Celsius Shipping

Dutch ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast ...

read more →

HSH Nordbank's Shipping Provisions Reach USD 2.1 Bn

Germany’s shipping finance provider HSH Nordbank has reported high loan loss provisions as it set aside EUR 2 ...

read more →

Banks Agree to Delay Seanergy’s Loan Payments

Greek dry bulk owner and operator Seanergy Maritime Holdings Corp. has obtained waiver and deferral for major ...

read more →

NordLB to Lend a Helping Hand to Bremer Landesbank

German shipping bank Norddeutsche Landesbank Girozentrale (NORD/LB) plans to provide financial relief to its ...

read more →

HSH Nordbank Rejects Rickmers’ Debt Restructuring Plan

German HSH Nordbank has dismissed the debt restructuring proposal of Singapore-based containership owner and ...

read more →

THE Alliance Unveils Safety Net in Case of Bankruptcy

The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be ...

read more →

CWR: Shipping Banks Face Climate Risk Exposure

Climate transition pathways could pose risks to the banks that hold USD 400 billion of global shipping debt, ...

read more →