Latest News for: Ship financing

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Robert Perri takes the helm at OceanPal

Splash24/7 03 Feb 2023
Starting out as an accountant with Merrill Lynch, Perri’s career has since seen him take on senior finance roles at many Greek shipping firms ...
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China ramps up fuel oil imports blended from Russian crude media

Beijing News 03 Feb 2023
Russian oil has been reportedly flooding the ship-to-ship transport hubs in Malaysia and UAE' Fujairah since the second quarter of 2022, traders told the agency. To clear the way for ship insurance and financing traders blend barrels of the Russian origin with other oils to rebrand the supplying country of fuel oil.
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China ramps up fuel oil imports blended from Russian crude – media

Russia Today 03 Feb 2023
Russian oil has been reportedly flooding ship-to-ship transport hubs in Malaysia and the UAE since the second quarter of 2022, traders told the agency. To clear the way for ship insurance and financing, traders blend barrels of Russian origin with other oils to rebrand the supplying country and avoid sanctions.
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Conor Warde joins law firm CMS as a partner in Hong Kong

Tradewinds 03 Feb 2023
... and finance practice, according to a CMS statement.
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China boosts imports of fuel oil blended from Russian barrels 

Hong Kong Standard 03 Feb 2023
These have been flooding the ship-to-ship transfer hubs of ... Traders blend these barrels with other oils to rebrand the fuel oil's country of origin, clearing the way for ship insurance and financing that would otherwise be banned under the sanctions, trade sources said. .
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Q&A: The Naomh Éanna – is this piece of Dublin maritime history about to disappear forever?

Irish Independent 03 Feb 2023
On January 24, the former ferry ship keeled over at her resting place in Grand Canal Dock.After decades of debate about the vessel’s future, she now appears not to have one at all ... Sam Field-Corbett from the Irish Ship and Barge Fabrication (ISBF) bought her for the princely sum of €1.
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EU agrees on new price caps for Russian oil

Russia Today 03 Feb 2023
The G7 has sought to enforce the measure by banning shipping companies from accessing Western insurance, brokerage and financing services unless they abided by the price cap ... Another noted that it was “invented by bureaucrats with finance degrees” who did not understand the oil markets, and has “failed completely.”. .
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EU agrees on price caps on Russian refined oil products

Reuters 03 Feb 2023
Ambassadors for the 27 EU countries agreed on the European Commission proposal, which will apply from Sunday ... Both caps prohibit Western insurance, shipping and other companies from financing, insuring, trading, brokering or carrying cargoes of Russian crude and oil products unless they were bought at or below the set price caps.Latest Updates ... ....
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Nuclear retrofits technically feasible, economically impractical

Seatrade Maritime News 02 Feb 2023
The cost of nuclear power systems makes retrofitting unlikely but the retained value of nuclear material at the end of a ship’s life creates interesting financing propositions ... alter the usual financing model for ships, said William Fennelly, Marine Engineer at Core Power.
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Euronav beats Q4 revenue estimate on crude tanker recovery

Reuters 02 Feb 2023
The European Union in December banned companies and individuals in the bloc from providing financing, brokerage, shipping and insurance services to ship Russian oil elsewhere if the crude was bought above a price cap of $60 a barrel.Latest Updates.
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G20 meeting in Assam begins with focus on sustainable financing solutions

The Telegraph India 02 Feb 2023
... on sustainable financing solutions ... The G20 group through the '1st Sustainable Finance Working Group Meeting' (SFWGM) in Guwahati is sharing a timely message of sustainable finance to maximise sustainable investment, the Union Shipping, Ports and Waterways Minister said.
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Budget 2023: Major boost for Gujarat’s GIFT City as govt ends dual regulation

Hindustan Times 02 Feb 2023
IFSC will make Gujarat a finance hub ... The budget has also permitted acquisition financing by IFSC banking units of foreign banks ... The establishment of an EXIM Bank subsidiary would encourage emerging sectors such as aircraft & ship financing activities in GIFT City.
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Signal Chooses RunBuggy's Hitch™ Transportation Management System

Victoria Advocate 02 Feb 2023
As consumers increasingly expect an Amazon-like experience when they purchase a new or used vehicle and get it delivered to their home, new technology is needed to enable dealers, fleets, finance companies and OEMs to connect logistics stakeholders under a single platform to ship vehicles faster, easier, and smarter.
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2023 tipped to be a top year for owners seeking to finance their fleets

Splash24/7 01 Feb 2023
Shipowners this year have one of the best opportunities in recent memory to finance their fleets, according to a new study from oceanis, a Hamburg-based ship finance platform ... “The improving credit of shipowners over the past three years, coupled with heavy repayments on container financings, have generated immense competition between financiers.

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AP / Ukrainian Presidential Press Office via AP
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