Finance
Keep informed with daily analysis and insight into shipping’s relationship with financial markets
including company results, credit reports and investment decisions
StealthGas sees ‘promising’ outlook for handy size LPG carriers
Harry Vafias says medium gas carrier orderbook now ‘worrisome’, especially if ammonia windfall fails to materialise
Laskaridis plans up to four reefer newbuilds with Chinese partner
Newbuildings set to become Greek operator’s first new reefer order for more than 20 years
Secondhand boxship sales on the rise but recycling remains muted
The containership sale and purchase market is picking up after the summer slowdown, with MSC continuing to snap up ships. Meanwhile, there is little sign of any upturn in boxship recycling because of relatively high secondhand values, due to strong demand for tonnage
Lloyd’s underwriting profit climbs 24% in the first half
Specialist market posts underwriting profit of £3.1bn in the first six months of the year as combined ratio improves 1.5 points to 83.7%
ONE uses Japan operating lease to structure equipment deal
Mechanism is used as alternative to Chinese sale and leasebacks
Greek owners keep the faith, despite ‘darkening clouds’
Consultancy cites a range of increasing risks for shipping, noting that the effects of geopolitical disruption should not be considered sustainable in the longer term
Greener ships not seeing cheaper loans, study finds
A UCL study has shed light on the limits of voluntary green ship finance schemes
Stuck on paper: why eBLs have yet to gain traction
Those publicly proclaimed obstacles may just be excuses for unwillingness to change. And those touted benefits also may not reflect users’ real pain points
Frontline sounds alarm over dark fleet and repays Fredriksen debts
Frontline has raised concerns about the growing share of crude oil shipping by the dark fleet of older, non-compliant tankers. Elsewhere, it says it has repaid shareholder loans to John Fredriksen borrowed to help pay for the Euronav ships
OOCL to take minor stake in Tianjin terminal for $49m
Tianjin Container Terminal, the leading box terminal in Tianjin, has 13 berths and annual capacity of 6m
Brunei’s China-backed Muara port starts expansion with $280m investment
Brunei launched its first direct container shipping route to China in the past year, connecting Muara with Qinzhou
Seacon first-half profits double on tankers bet
Buoyant Seacon foresees continuing demand in the chemical product and related logistics segment in the future. It will keep an eye out for any useful tankers it can snap up
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