Latest News for: Ship financing

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Global Shipping Business Network seals first banking tie-up

Splash24/7 14 Apr 2021
Blockchain grouping Global Shipping Business Network (GSBN) has teamed with Bank of China (Hong Kong) in a bid to help streamline the trade finance process, the first financial institution to come onboard the venture that includes Cosco, Hapag-Lloyd and port operators PSA, SIPG and Hutchison as members.
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Israeli-owned cargo ship sustains light damage following Iranian attack

Cleveland Jewish News 14 Apr 2021
An Israeli-owned cargo ship reportedly came under Iranian attack and sustained light damage off the coast of the United Arab Emirates on Tuesday ... Israel’s Channel 13 said the ship was likely struck by a missile fired by Iran’s Islamic Revolutionary Guards Corps (IRGC).
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Greek and Swedish shipowners in environmental NGO alliance on EU ETS

Seatrade Maritime News 13 Apr 2021
Greek and Swedish shipowners organisations have formed an unlikely alliance with NGO Transport & Environment to press for a shipping fund as part of the EU Emissions Trading System plans for the industry ... EU extension of ETS to shipping will fund post-Covid recovery, warns ICS.
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Suez Canal blockage proves relevance of alternative Russia-Iran-India trade route, Foreign Minister Lavrov says

Russia Today 13 Apr 2021
In March, the narrow but vital waterway along Egypt, which accounts for about 15% of global shipping traffic, remained blocked for six days after a massive container ship got stuck there. The blockage of the shipping artery resulted in losses for shippers and forced some to reroute their vessels.
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How to make financial planning a family affair

Independent online (SA) 13 Apr 2021
Just as a ship’s captain is ultimately responsible for the wellbeing of those aboard his vessel, managing the family finances is serious stuff, strictly to be dealt with by the head of the house, right? Think again… This might have been the norm in the past, but things are changing, and they’re changing for the better ... PERSONAL FINANCE .
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U-Ming Secures it's First Sustainability Linked Loan

The Maritime Executive 13 Apr 2021
Going onward, we will continue our U-Ming’s fleet renewal and decarbonisation strategy by fostering cooperation with industry stakeholders including the ship financing sector. Together, we will provide sustainable long-term green shipping solutions to our customers.”.
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U-Ming secures its first Sustainability-Linked Loan

Dry Bulk 13 Apr 2021
Going onward, we will continue our U-Ming’s fleet renewal and decarbonisation strategy by fostering co-operation with industry stakeholders including the ship financing sector. Together, we will provide sustainable long-term green shipping solutions to our customers.”.
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Air Canada, Canadian government agree on pandemic bailout

Rapid City Journal 13 Apr 2021
... Emergency Management Government And Politics Pandemics Humanitarian Crises Epidemics Covid-19 Pandemic Government Aid For Industry Economic Policy Economy Government Business And Finance Government Policy Airlines Transportation And Shipping Industrial Products And Services.
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Hamburg Commercial Bank makes play for Asian shipping business

Splash24/7 12 Apr 2021
Jan-Philipp Rohr, global head of shipping at HCOB, commented ... HCOB is very active in ship finance and we recognise that Asia-Pacific is a key target region for our global ship finance mandate.”.
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Hagland Shipping Goes All-In for Hybrid Propulsion With Bulker Order

The Maritime Executive 09 Apr 2021
Hagland Shipping is diving into battery-hybrid propulsion with an order for up to four new self-discharging, hybrid-powered coastal bulkers ... The new vessels will replace older ships with traditional propulsion systems. The plug-in battery hybrid propulsion system will satisfy IMO Tier III, reducing NOx by 90-95 percent compared to the existing ships.
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Opinion: Opening-Up Is Still Key in Finance. So Is Stability

Caixin Online 09 Apr 2021
The fast ships in the very front are adding speed ... The problem now is that the fast ships are slowing down, and some boats keep cutting away at their tow lines ... In my opinion, the ultimate goal of domestic circulation is shared development rather than decoupling from the fast ships and sailing alone.
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Exports surge amid shortages

Taipei Times 09 Apr 2021
Exports last month soared 27.1 percent year-on-year to a record US$35.89 billion, as inventory demand for all product categories gained unprecedented traction amid component shortages and shipping delays, the Ministry of Finance said yesterday ... A man watches a cargo ship entering Kaohsiung Harbor yesterday.
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Supply problems cause economic headaches

Finance & Commerce 09 Apr 2021
Business content from The New York Times will now be included with your subscription to Finance & Commerce ... Container ships stretch far out into the Pacific, waiting days for their turn to unload goods at California ports ... Worldwide manufacturing and shipping went through ...
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Asos triples profits as Covid crisis boosts online sales

The Observer 08 Apr 2021
Sign up to the daily Business Today email ... Mat Dunn, the finance director, said shipping costs, which have been driven to five times pre-Covid levels, were unlikely to come down in the short term because of shortages of capacity worldwide, while Brexit had significantly increased the cost and time taken to ship items to and from the rest of Europe ... .
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