Business & Finance

Oldendorff seals Chinese financial leasing deal for ultramax sextet Oldendorff seals Chinese financial leasing deal for ultramax sextet
Shipping stocks hammered as Wall Street tumbles Shipping stocks hammered as Wall Street tumbles
Chinese state fund injects $447m into SinoOcean Chinese state fund injects $447m into SinoOcean
PIL sells two more ships to Seaspan PIL sells two more ships to Seaspan
Hapag-Lloyd invests in LNG retrofit Hapag-Lloyd invests in LNG retrofit
Changing Tack: Wind Power Sails Back Into Shipping with Swedish Venture Changing Tack: Wind Power Sails Back Into Shipping with Swedish Venture
Genting HK Details Financial Challenges, Cruises and Shipbuilding Genting HK Details Financial Challenges, Cruises and Shipbuilding
Freight market upswing buoys Sovcomflot's results Freight market upswing buoys Sovcomflot’s results
Business & Finance Haberleri

Oldendorff seals Chinese financial leasing deal for ultramax sextet

CDB 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.

Shipping stocks hammered as Wall Street tumbles

An overnight drop in US stock markets on coronavirus concerns saw listed shipowners take a battering.

Chinese state fund injects $447m into SinoOcean

Chinese state fund injects $447m into SinoOcean to promote the sale of idle offshore assets

PIL sells two more ships to Seaspan

The latest sales, as reported by Greece’s Lion Shipbrokers, are among PIL’s last big boxships, offloading sister ships Kota Pemimpin and Kota Petani.

Hapag-Lloyd invests in LNG retrofit

German vessel operator Hapag-Lloyd is converting a former UASC ship, the 15,000TEU Sajir, to operate on LNG fuel.

Changing Tack: Wind Power Sails Back Into Shipping with Swedish Venture

A Swedish consortium aims to launch commercially by 2025 a wind-driven car carrier that will emit 90% less carbon dioxide than a conventional roll-on/roll-off (RoRo) cargo ship, it said on Thursday.

Genting HK Details Financial Challenges, Cruises and Shipbuilding

A 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.

Freight market upswing buoys Sovcomflot’s results

Despite a volatile energy shipping market, Russian shipowner PAO Sovcomflot reported a 10% increase in time charter revenues from gas and offshore operations, to US$342M for H1 2020

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