Latest News for: Shipping investment


Moving towards a global green ship finance market

Seatrade Maritime News 17 Jun 2021
With sustainability demand growing maritime is moving towards a global green ship finance market with a major demand expected for retrofit funding, according to KfW IPEX Bank. Speaking at a DNV green ship webinar on Wednesday Stephan Vetter, Vice President, KfW IPEX-Bank ... Damen and Purus Marine team up to finance green shipping projects.

Should ships in India switch to shore power?

Phys Dot Org 17 Jun 2021
After collecting information on shipping from every major port in India, they were able to calculate individual ship outputs of pollutants and greenhouse gasses like PM2.5, SO2, NOx, and CO2 ... do benefit from shore power regulation, those still reliant on coal-power may be better served investing in a cleaner grid than switching ships to shore power.

Deutsche Bank reportedly poised to reap windfall on risky cargo bet

New York Post 16 Jun 2021
Deutsche Bank’s risky investment in a distressed cargo-shipping company is poised to reap a $1 billion windfall for the scandal-ridden financial giant, according to a report ... In 2016, the German lender began snatching up tens of millions worth of Zim Integrated Shipping Services Ltd.’s bonds, bank loans, and equity.

Costamare in dry bulk push with 16 vessel buy

Seatrade Maritime News 16 Jun 2021
NYSE-listed containership owner Costamare Inc has purchased of 16 ships in a transformational deal that sees the company putting some of its mounting cash balance into expanding into dry bulk carriers ... Two of the ships have already been delivered while the rest are expected to be delivered by January 2022.

Greece benefits from healthy relationship with China under BRI cooperation: diplomat 16 Jun 2021
"At this point all that we are getting out of this is the benefits of a healthy and very legitimate commercial relationship," he said in an interview with CNBC on Monday, pointing to the large and successful case of bilateral collaboration under the BRI in Greece -- Chinese COSCO SHIPPING's investment project at the Piraeus Port.

Legal issues delay repatriation of Filipino seafarers from China

The Manila Times 16 Jun 2021
The Greek vessel was detained by the Guangzhou Maritime Court due to a financial dispute between the cargo receiver, Guangzhou South China Coal Trade Center Co, and the ship's owners Angeliki Dynamic Investment Corp ... The Greek captain and lieutenant were advised to stay on the ship, however, along with the 13 Filipino crew.

America Is Giving Away Millions of Vaccine Doses. It’s Not Enough.

Barrons 16 Jun 2021
Developed nations, including the United States, must also encourage and coordinate investments into companies that produce raw materials. Vaccine distribution has also been held up by shipping bottlenecks ... Committing to investment, while solving manufacturing, shipping, and distribution problems, is the fastest way to end the suffering.

The practical and pragmatic plan to get to zero emissions

Splash24/7 16 Jun 2021
No one is saying that conventional LNG is the end game when it comes to solving the shipping’s decarbonisation conundrum ... Zero-carbon fuel solutions for deep sea shipping are likely to be a decade or more away from any scale of supply; requiring huge investments in renewables, infrastructure, safety, and operational testing and analysis.

After Weeks of Wasted Time, Senate Democrats Demand Action on Infrastructure

truthout 16 Jun 2021
When asked about the bill by a reporter earlier in the day, Merkley replied, “When the ship sails on infrastructure, energy investments cannot be left on the docks ... After wasting weeks on the dry socket of Republican cooperation, however, the ship appears to finally be steering the only course it really ever had to begin with.

Future looking sweet for UAE chocolate factory

The National 16 Jun 2021
DUBAI // Exports of the national fruit are expanding globally as a local company plans to double its production of chocolate-covered dates. With Chocodates already being shipped to 35 countries, Notions Group is moving production to a plant in Dubai Investment Park, which is much larger than the current one ... .

Yankees GM Brian Cashman: 'There's a chance to fix it and it's on me to ...

The Buffalo News 16 Jun 2021
Mike Harrington. The New York Yankees arrived at Sahlen Field on Tuesday and their general manager was in tow ... +2. Mike Harrington ... "We got off to a very difficult start the first couple of weeks, then righted the ship for a week ... "You're invested in this job, you care about what's going on, how the team performs, the guys in that room and the staff.

Op-Ed: Putting Bio-LNG and Synthetic LNG Into Focus

The Maritime Executive 15 Jun 2021
There seems to be a blind spot in maritime shipping’s road to decarbonization ... Unlike other alternative fuels being discussed, bio-LNG is available to shipping now and production is scaling up rapidly ... Shipping giants across the world are announcing investments into LNG-fueled newbuildings.

Deutsche Bank stands to make $1 billion on a single long-shot trade involving a distressed ...

Business Insider 15 Jun 2021
A container cargo ship in Rotterdam Harbour on April 4, 2021 in the Netherlands ... Starting in 2016, the bank loaded up on debt and equity of Zim Integrated Shipping Services ... Deutsche Bank's investment in a distressed Israeli shipping firm is set to pay out as much as $1 billion, according to a report from Bloomberg.

Wexford-based Scurri closes €9m investment, plans to triple workforce

RTE 15 Jun 2021
Wexford-based software company Scurri has secured €9 million in investment and plans to triple its workforce over the next two years. The company which helps businesses ship their products around the world, said this latest round of funding will be used to accelerate growth in the UK market.

Yantian port to be expanded

Shenzhen Daily 15 Jun 2021
to set up a joint venture to build three new berths for container ships with an investment of 10.93 billion yuan ...