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BUSINESS & FINANCE

Germany Finalizes Terms of Financial Rescue for MV Werften Shipyard09 June 2021 Wednesday 12:17Germany Finalizes Terms of Financial Rescue for MV Werften ShipyardGermany's legendary MV Werften shipyard got approval from the German federal government for new sets of economic aid as a financial crisis looms on the horizon for the same.
Rauma shipyard shuts down production after over 230 coronavirus infectionsRauma shipyard shuts down production after over 230 coronavirus infections24 February 2021 Wednesday 13:12
Windcat Workboats changing handsWindcat Workboats changing hands18 December 2020 Friday 11:00
TIGER surveys Morbihan tidal site off FranceTIGER surveys Morbihan tidal site off France17 December 2020 Thursday 12:00
LATEST GALLERIES
    Korea Shipbuilding to build platform off MyanmarKorea Shipbuilding to build platform off MyanmarKorea Shipbuilding & Offshore Engineering has scored a $450 million deal from Posco International to build a gas compression platform offshore Myanmar.12 December 2020 Saturday 15:00
    The year ahead in ship financeThe year ahead in ship financeBig banks will further withdraw from shipping and other smaller industries. Make no mistake, banks are in big trouble, slashing staff across the world.12 December 2020 Saturday 11:00
    Japan pushes ahead with ammonia as a shipping fuel of the futureJapan pushes ahead with ammonia as a shipping fuel of the futureJapan is planning to introduce ammonia as fuel into the shipping industry and make it commercially available in the late 2020s as part of its efforts to go carbon-neutral by 2050.07 December 2020 Monday 13:00
    Oldendorff seals Chinese financial leasing deal for ultramax sextetOldendorff seals Chinese financial leasing deal for ultramax sextetCDB Financial Leasing, the leasing unit of China Development Bank has announced the acquisition of six 60,000 dwt ultramax bulk carriers from German owner Oldendorff Carrier for a total price of $137.1m.17 November 2020 Tuesday 11:00
    Shipping stocks hammered as Wall Street tumblesShipping stocks hammered as Wall Street tumblesAn overnight drop in US stock markets on coronavirus concerns saw listed shipowners take a battering.27 October 2020 Tuesday 14:15
    Chinese state fund injects $447m into SinoOceanChinese state fund injects $447m into SinoOceanChinese state fund injects $447m into SinoOcean to promote the sale of idle offshore assets14 October 2020 Wednesday 18:00
    PIL sells two more ships to SeaspanPIL sells two more ships to SeaspanThe dramatic fleet clear-out at Pacific International Lines (PIL) has seen Singapore’s top liner slip from 400,000 to 300,000 slots since the start of the year.06 October 2020 Tuesday 12:00
    Genting HK Details Financial Challenges, Cruises and ShipbuildingGenting HK Details Financial Challenges, Cruises and ShipbuildingA week after announcing that it was suspending payments to its financial creditors to preserve liquidity while it seeks to refinance, Genting Hong Kong announced a larger anticipated loss but also provided more details on its situation.01 September 2020 Tuesday 14:00
    Teekay LNG in “another record quarter”Teekay LNG in “another record quarter”Bermuda-based shipping company Teekay LNG said its net income surged in the May-June period with its chief executive announcing the results as “another record quarter” for the firm.13 August 2020 Thursday 12:40
    China Merchants Port intends to invest in Antong Holdings restructuringChina Merchants Port intends to invest in Antong Holdings restructuringThe financially troubled Chinese container shipping company Antong Holdings has announced that the company has a potential investor in the shape of China Merchants Port to fund its restructuring.30 July 2020 Thursday 12:30
    Shipping banks better prepared than in 2008Shipping banks better prepared than in 2008Banks are better prepared than in 2008, to face the challenges that are looming post-coronavirus but that an increase in non-performing loans is an inevitable as a result of the pandemic, according to XRTC Business Consultants.08 July 2020 Wednesday 12:00
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