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Keep informed with daily analysis and insight into shipping’s relationship with financial markets including company results, credit reports and investment decisions

Marinakis group diversifies into offshore support vessels

En bloc purchases reaching $106.2m may not be the last in the sector as Greek owner is expected to hunt for more offshore vessels

Specialty Offshore

Oaktree offloads $84.6m of Torm shares

US private equity giant Oaktree Capital Management has sold 2.8m of Torm shares for about $84.6m, over eight months after it abandoned a planned market sale of 5m shares when the stock tanked

Tankers and Gas Finance

Otto Schacht and Kirsi Tikka join Lloyd’s List advisory panel

The Editorial Advisory Board was established in 2018 to ensure that Lloyd’s List maintains the highest standard of journalism and is the most trusted provider of shipping news and analysis

People Containers

Genco agrees $500m RCF

Genco Shipping has closed on a $500m revolving credit facility, expanding its borrowing capacity by 46% from $156m. The facility includes a sustainability-linked feature, with interest rates rising or falling by a margin of 0.05% based on fleetwide carbon emissions targets

Dry Bulk Finance

Carriers box themselves in with lower charter ratios

Container lines bought up swathes of tonnage during the boom years. Now the market has turned, lower charter capacity will make it harder to cut their cloth to fit

International Containers

AET secures $100m sustainability-linked loan

The loan will be used to reduce the greenhouse gas emission intensity of AET’s fleet by 40% in 2030 from a 2008 baseline. The company is aiming to achieve net-zero GHG emissions by 2050

Asia Pacific Malaysia

Capesize spot rates surge to two-year high as Atlantic trade booms

A tighter-than-expected supply and demand balance points to higher average rate levels for the coming year, Jefferies says

Dry Bulk Finance

Climate risk is changing shipping bankers’ behaviour but spooking investors

While shipping lenders have taken early steps through their Poseidon Principles, aligning portfolios to decreasing CO2 trajectories in line with global targets, this is at times at odds with their beliefs and behaviours in what they are financing, according to a new academic study

Sustainability Finance

Frontline takes hit as Russian crude tops price cap but says it is time for VLCCs to shine

Frontline says future tanker capacity is not reflecting projected trade but the addition of 24 Euronav crude carriers will double Frontline’s VLCC position from the first quarter of next year

Tankers and Gas Frontline

Euronav plans ‘more equal balance’ of shareholder cash and energy transition

Belgian tanker giant says it will diversify, decarbonise and optimise its fleet, after its $2.4bn deal to end the battle for control with Norway’s Frontline

Euronav Finance

Pyxis Tankers makes another bulker move with kamsarmax acquisition from Safe Bulkers

Pyxis Tankers has agreed to acquire a 2015-built kamsarmax from Safe Bulkers. It is the tanker owner’ second dry bulk move since announcing a joint venture with an entity controlled by chief executive Valentios Valentis in September

Dry Bulk Sale and Purchase

Maersk sells entire Höegh Autoliners shareholding at height of vehicle carrier market

Exit from Höegh Autoliners comes 15 years after Maersk transferred its 12-strong vehicle carrier fleet to Oslo-based pure car and truck carrier operator in exchange for shareholding

Roro Maersk Group
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