Kvarken Link Oy would use the funds to finance a new ferry. The vessel will connect Umeå, Sweden and Vaasa, Finland.
https://worldmaritimenews.com/archives/279561/eib-provides-funding-for-new-sweden-finland-ropax/
Finance
EIB to help fund Sweden-Finland ro-pax newbuilding
European bank says its “glad to finance” highly fuel-efficient dual-fuelled ship
https://www.tradewindsnews.com/finance/1819376/eib-to-help-fund-sweden-finland-ro-pax-newbuilding
Lagarde’s shattering ECB move, Financial Stability Oversight Council and non-bank financial companies
Christine Lagarde
Lagarde’s shattering ECB move, Financial Stability Oversight Council and non-bank financial companies
Commentary: Lagarde’s shattering ECB move
By David Marsh in London
Christine Lagarde’s nomination to run the European Central Bank is a high-risk, French-orchestrated gamble that shatters the Bundesbank’s pretensions to influence the fate of economic and monetary union. The selection of the International Monetary Fund managing director confirms a new activist era in central bank...
Singapore Launches Phase Two of Next-Gen Port Project
A second phase of development at the Port of Tuas, Singapore’s next-generation trade hub, has commenced
https://www.porttechnology.org/news/singapore_launches_phase_two_of_next_gen_port_project
Grindrod Shipping eases covenant strictures
Nasdaq-listed owner agrees amendments with lenders like DVB and Credit Agricole.
https://www.tradewindsnews.com/finance/1819581/grindrod-shipping-eases-covenant-strictures
Fagervoll builds Golden Energy Offshore stake
OSV owner’s CEO converts stock options worth $35,000.
https://www.tradewindsnews.com/finance/1819381/fagervoll-builds-golden-energy-offshore-stake
Varde Partners plots long-term stay in shipping industry hit by dislocation in funding
Transport boss outlines three-pronged approach to industry facing $50bn pullback in bank financing
AGS lists in Oslo after Songa Bulk takeover
Houston seismic vessel operator begins trading in Norway after adopting Blystad company’s listing.
https://www.tradewindsnews.com/finance/1818913/ags-lists-in-oslo-after-songa-bulk-takeover
Rise of uncertainty results to container market disruption
According to Simon Heaney, Senior Manager, Container Research, Drewry, commented that Drewry remains confident that the world trade will rebound in 2020, but much will depend on developments outside of carriers’ control.
Specifically, Drewry highlights is concerns of a slowing global economy stoked by the ongoing US-China trade war, escalating geo-political tension in many regions of the world and an industry grappling with challenging new emission regulations.
In light of this, Drewry decreased...
https://safety4sea.com/rise-of-uncertainty-results-to-container-market-disruption/