Commissioning service operation vessel (CSOV) owner Integrated Wind Solutions (IWS) has moved for an uplisting on the Oslo Stock Exchange. The Awilco-backed outfit trades its shares on Euronext Growth Oslo and expects the switch to occur on or about February 3. In connection with the uplisting, IWS...
https://splash247.com/integrated-wind-solutions-moves-for-oslo-uplisting/
China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn). The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement...
https://splash247.com/wuhu-shipyard-in-4bn-tie-up-with-compatriot-leasing-duo/
Denmark has a new ship investment vehicle helmed by three well-known shipping executives. Zeaside Capital Partners launched yesterday as a Copenhagen-based shipping investment platform, co-founded by Lars Steffensen, Aaron Sen and Jan Eghøj. Eghøj has worked for a variety of German and Danish...
https://splash247.com/danish-ship-investment-vehicle-launches/
Israeli billionaire Idan Ofer has become the latest backer of UK-based green fueltech specialist SulNOx. Ofer-controlled Singapore-based owner Eastern Pacific Shipping (EPS) has signed up to use SulNOx fuel conditioner onboard at least 30 of its vessels for a minimum of 18 months, while his EPS...
https://splash247.com/idan-ofer-backs-green-fueltech-specialist-sulnox/
The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned ships – 21 years – is some eight years older than the global average, adding to...
https://splash247.com/audit-finds-more-than-80-of-sanctioned-ships-have-no-confirmed-insurance/
West P&I Club has bought Nordic Marine Insurance, a specialist in delay insurance, primary loss of earnings, hull and machinery, loss of hire, and maritime lien solutions. West P&I initially acquired a significant stake in Nordic in 2020. The two organisations have worked closely together since...
https://splash247.com/west-pi-acquires-nordic-marine-insurance/
Philippine carrier Lorenzo Shipping Corp has received a P270m ($4.6m) financial lifeline from majority shareholder, Doris Ho-led National Marine Corp. National Marine has bought 270m new shares of Lorenzo Shipping at P1 each, much of which will go to pay loss-making Lorenzo’s belated fuel bills....
https://splash247.com/doris-ho-comes-to-the-aid-of-lorenzo-shipping/
China’s Seacon Shipping has secured financing for one of its handysize bulk carriers under construction in Japan. The Hong Kong-listed company said in a filing it had agreed to a $31.38m sale and leaseback deal for a 40,000 dwt bulker with Panama-incorporated Dawn Shipping and its Japan-based...
https://splash247.com/seacon-agrees-sale-and-leaseback-for-bulker-newbuild/
Greek dry bulk owner Globus Maritime has struck a sale and leaseback deal for one of its recently delivered vessels. The Nasdaq-listed company said it had sold its ultramax Glbs Magic to a Japanese buyer for $25m in December and chartered the 2024-built bulker back for 10 years. Globus has options...
https://splash247.com/globus-maritime-bags-sale-and-leaseback-for-ultramax-newbuid/
US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships. Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.50 per share in cash for all...
https://splash247.com/entrust-strikes-deal-on-cash-offer-for-belships/