Finance News

 

Adani Ports Mulls Up to 10 Billion Rupees Debt Issue by March

Dec 14, 2023

India's Adani Ports and Special Economic Zone APSE.NS is mulling a fundraise of up to 10 billion rupees ($120 million) from a domestic rupee bond sale, its first since 2021, two bankers aware of the discussions said on Thursday.The country's largest private port operator is likely to tap the market before March, they said.'The company has a board approval for fundraising but ratings and other formalities are pending…

Adani Ports to Raise Up to $601 Million by Selling Debentures

Jan 03, 2024

Adani Ports and Special Economic Zone, India's largest private port operator, will raise up to 50 billion rupees ($600.6 million) by selling non-convertible debentures, it said on Wednesday.Billionaire Gautam Adani was re-designated as executive…

"Green" Loan Secured for Low-Emission Cruise Ship

Dec 28, 2023

Fincantieri signed a 'green' construction loan for a maximum amount of $461m with Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositi e Prestiti (CDP), the proceeds of which will be used to cover the financial needs linked to the construction of the Mein Schiff Relax…

MOL First Shipping Company to Issue 'Blue Bonds'

Dec 15, 2023

Mitsui O.S.K. Lines, Ltd. has decided to issue “blue bonds” through a public offering in Japan’s domestic market in January 2024, reportedly the world’s first blue bonds in the shipping industry, which refer to the guidance provided by the International…

Environmental Groups Ask Lenders to Avoid LNG Project in Papua New Guinea

Dec 12, 2023

Major global lenders should refuse to finance a liquefied natural gas (LNG) project in Papua New Guinea to help keep global warming in check, civil society groups said on Wednesday, as some owners tap banks ahead of a final greenlight next year…

Hapag-Lloyd Posts 77% Drop in Nine-month Net Profit, Cuts Outlook

Nov 09, 2023

German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from 13…

Deutsche Bank Sets Emissions Targets for Shipping Clients

Oct 19, 2023

Deutsche Bank has set emissions reduction targets for loans to clients in the coal mining, cement and shipping sectors and now has a net-zero plan for 55% of its financed emissions, its chief sustainability officer told Reuters.A key funder to polluting sectors…

Trading Places: Managing Financial Risks and the Transition to EU ETS

Oct 03, 2023

The concept of trading is about to take on a whole new meaning for shipping companies with implementation of the EU Emissions Trading System (EU ETS) for maritime from next year. As well as monitoring their emissions to meet reporting requirements…

Big Money Needed to Develop US Offshore Wind Ports

Oct 02, 2023

Much has been written about potential bottlenecks in store for various parts of the U.S. offshore wind industry, from vessels to monopiles. A new report published by the Business Network for Offshore Wind (BNOW) outlines the need for significant…

Morgan Stanley Gets Behind Crowley's Offshore Wind Push

Aug 24, 2023

Morgan Stanley's infrastructure investment arm is teaming up with U.S. maritime, energy and logistics solutions company Crowley to advance offshore wind energy solutions for the United States.Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP)…

CMA CGM Braced for Weaker Profit Before Demand Picks up in 2024

Jul 28, 2023

French shipping group CMA CGM expects container freight demand to improve from next year but the group's profits will continue to ease this year as a slump in freight rates from record highs and a weak economy weigh on results, it said on Friday…

Headwinds Hamper the Poseidon Principles

Mar 30, 2023

The Poseidon Principles provide a platform for financing shipping’s sustainable future, but the technical guidance underpinning the initiative remains under scrutiny.In July 2023, the International Maritime Organization’s Maritime Environment…

Investment Firm Arroyo Buys Into LNG Bunkering

Jan 24, 2023

Houston-based investment manager Arroyo Investors announced it has closed an investment in Seaside LNG and its affiliated entities, an integrated shore-side liquefied natural gas (LNG) liquefaction and bunkering platform in the U.S. Financial details were not disclosed…

China's COVID Woes Are Pressuring Supply Chains

Jan 06, 2023

Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.The regional Fed bank's December Global Supply Chain Pressure Index ticked down to 1…

Wanted: A Sea-change in Climate Finance for Oceans

Dec 28, 2022

The oceans are inextricably connected to the health of the planet, and of humans: they absorb up to 30% of annual greenhouse gas (GHG) emissions and 90% of excess heat, and over 3 billion people — almost half the global population — depend directly…

Logistics News

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

New Study Offers Safety Recommendations for Green Shipping Corridors

New Study Offers Safety Recommendations for Green Shipping Corridors

SAMPOL Awarded Shore Power Contract from Port of València

SAMPOL Awarded Shore Power Contract from Port of València

Subscribe for Maritime Logistics Professional E‑News