Andrew Craig-Bennett with financial advice for shipowners amid the Trump market gyrations. Donald Trump has just backed away from the abyss – denying, of course, that he is doing any such thing – and, while adding yet more tariffs to imports from China to the US, he has announced a 90-day...
Finance and Insurance
Bibby unit lines up $25m vessel finance for smaller owners
BFS Marine Finance, part of Bibby Line Group’s independent funder Bibby Financial Services, has lined up £20m ($25m) to support smaller businesses within the commercial marine sector. A structured facility has been agreed with the British Business Bank to provide secured financing for fleet...
https://splash247.com/bibby-unit-lines-up-25m-vessel-finance-for-smaller-owners/
Shipping and scenario planning
How can you plan for the future when the present is so uncertain, writes Pierre Aury? Scenario planning involves looking at different scenarios with associated assumptions and events. These scenarios are not forecasts but views of how the future could unfold. These scenarios only need to be...
Seanergy strikes double sale and leaseback
US-listed Greek capesize bulker specialist Seanergy Maritime has entered into sale and leaseback agreements with a Chinese financier for two of its vessels. The Stamatis Tsantanis-led company revealed in its annual report that the 2009-built Friendship and the 2010-built 170,018 dwt Squireship had...
https://splash247.com/seanergy-strikes-double-sale-and-leaseback/
Banderas de cuestionable calidad de mercado Grow Market
Wikipedia Más de 5,000 embarcaciones, equivalentes al 14.5% de la flota mercantil global, operan bajo registros con menos del 10% de la ratificación de la organización marítima internacional y las convenciones de la Organización Internacional del Trabajo, aumentando la exposición a las acciones de...
https://fullavantenews.com/banderas-de-cuestionable-calidad-de-mercado-grow-market/?lang=es
Flags of questionable quality grow market share
Over 5,000 vessels – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from...
https://splash247.com/flags-of-questionable-quality-grow-market-share/
Golar bags $1.2bn FLNG vessel refinancing
Tor Olav Trøim-backed floating liquefied natural gas (FLNG) specialist Golar LNG has struck a deal with a consortium of Chinese lessors which will see the refinancing of the existing debt on the FLNG Gimi vessel. The agreement, structured as a sale and leaseback is worth about $1.2bn and expected...
https://splash247.com/golar-bags-1-2bn-flng-vessel-refinancing/
Motion Ventures launches $100m maritime tech fund
Singapore’s Motion Ventures has launched what it claims is the largest-ever maritime tech fund at $100m. “We launched Motion Ventures with the belief that maritime is entering a new era—one where technology, capital, and industry collaboration converge to redefine the sector’s trajectory. In recent...
https://splash247.com/motion-ventures-launches-100m-maritime-tech-fund/
Navegación del Golfo listo para cerrar Brooge Energy Deal
Navegación del Golfo La firma de envío de Dubai Gulf Navigation (Gulfnav) ha recibido el visto bueno por sus accionistas para adquirir los activos en poder del proveedor de almacenamiento de crudo Brooge Energy. El plan de adquisición, anunciado en octubre de 2023, cubre $ 125 millones en pago en...
https://fullavantenews.com/navegacion-del-golfo-listo-para-cerrar-brooge-energy-deal/?lang=es
Gulf Navigation set to close Brooge Energy deal
Dubai shipping firm Gulf Navigation (GulfNav) has been given the go-ahead by its shareholders to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, covers $125m in cash payment, the issuance of about 359m new shares to Brooge worth $122m,...
https://splash247.com/gulf-navigation-set-to-close-brooge-energy-deal/