Yangzijiang Financial Holding has moved to spin off its maritime investment undertaking and list it on the Singapore Stock Exchange. The spinoff of China’s largest private shipyard, Yangzijiang Shipbuilding, said the newly incorporated company would function as a dedicated maritime investment...
https://splash247.com/yangzijiang-financial-to-spin-off-shipping-investment-business/
Gobierno estonio La Comisión Europea ha adoptado otra medida clave para representar la llamada flota de sombras que pasa por sus aguas. La enmienda a la Directiva de monitoreo de embarcaciones ahora requiere que todos los buques, incluidos aquellos que simplemente pasen por las aguas de la Unión...
The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to...
https://splash247.com/all-ships-passing-through-european-waters-must-now-provide-proof-of-insurance/
Tobias Backer, executive director of Pelagic Capital, writes for Splash today on shipping’s cash requirements in uncertain times. The maritime industry is no stranger to volatility and uncertainty. However, shipping is currently experiencing a prolonged period of unrest from a myriad of...
https://splash247.com/risk-and-opportunity-exist-within-shippings-choppy-waters/
The Britannia Group, the world’s oldest P&I insurer, has revealed its long-term CEO, Andrew Cutler, will leave the company at the end of the year to pursue a portfolio of non-executive roles.. Cutler joined the Britannia Group in 2006 as a senior claim handler, having previously been a partner at...
Japan’s Sumitomo Mitsui Trust Bank (SuMi TRUST Bank) has invested in London-based Hayfin Capital Management’s Maritime Yield strategy, bringing total strategy commitments to over $620m across the commingled fund and related separately managed accounts. The investment is the latest addition to the...
https://splash247.com/sumitomo-mitsui-trust-bank-invests-in-hayfin/
Vasi Shipping, a small Singaporean containership operator, has filed for bankruptcy. The company, founded 13 years ago, has $19m of debt owed to creditors. Previously, it operated on intra-Asia routes on three owned ships, all of which it has sold recently to try and pay back debts. “The gap...
https://splash247.com/singapores-vasi-becomes-first-liner-casualty-of-2025/
Greek owner Atlas Maritime and Danish shipping investment firm European Maritime Finance (EMF) have confirmed a lucrative asset play involving at least one of their car carrier newbuildings. The duo has revealed the delivery of the 7,000 ceu Electric Star to Noatum Maritime for an undisclosed price...
https://splash247.com/atlas-and-emf-cash-in-on-car-carrier-newbuilds/
German owner F. Laeisz has emerged as a co-investor in the takeover of Norwegian dry bulk player Belships. The Nikolaus Schües-led shipping group has snapped up a 25.01% stake in the ultramax specialist following the public takeover launched by asset management firm EnTrust Global and its vehicle...
https://splash247.com/f-laeisz-revealed-as-belships-co-investor/
The documentary committee of BIMCO has approved revisions to its war risk clauses for voyage and time charters to reflect changes in the geopolitical challenges facing the shipping industry. The subcommittee working on the revisions ahead of the documentary committee discussed war risk insurance...
https://splash247.com/bimco-adopts-reviews-of-war-risk-clauses/