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Cop26: decarbonising shipping sector ‘not achievable’ without investment boost

The global shipping industry sounded the alarm over the lack of government investment in developing green technologies at Cop26 on Saturday, describing the absence of adequate research and development as “the greatest blocker” to the sector’s decarbonisation bid. Big shipping companies, industry leaders and ministers raised the alarm at a major shipping conference in Glasgow …

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Belships: We may have reached the top of the mountain, but we are still above the clouds

Belships is reporting its 3Q21 results next Friday. Although this week’s figures signalled that we may have already passed the top of the Supramax rate mountain but even the drop to USD 30k+ daily levels gives us no reasons to worry in the short term. We already anticipated the rates not to keep up at …

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International Maritime Industries and Zamil Offshore launch OSV Joint Venture, enhancing localization efforts

On Wednesday November 3, 2021, International Maritime Industries (IMI), the largest maritime yard in the MENA region, has signed a Joint Venture Agreement with Zamil Offshore to deliver world-class Offshore Support Vessel (OSV) building and maintenance, repair and overhaul services (MRO) in Saudi Arabia. The long-term agreement signed with Zamil, one of the Middle East’s …

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WFW advises EnTrust Global on Maas Capital Shipping acquisition

Watson Farley & Williams (“WFW”) has advised the Blue Ocean division of EnTrust Global (“EnTrust”) on its acquisition of Maas Capital Shipping B.V. (“Maas Capital Shipping”), the private equity platform of ABN AMRO Bank N.V. (“ABN”). The acquired portfolio includes a diversified portfolio of 15 equity joint venture investments, consisting of a fleet of circa …

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CIT Arranges Up to $58 Million to Refinance Four Container Ships

CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg. The financing includes both term loan and delayed draw components. Leonhardt & Blumberg is a long-standing shipowner and management firm with an existing managed fleet of …

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EEXI and CII – A gathering storm?

Shipping lawyers like me often talk about “the next big thing”, but rarely do we pluralise it to suggest that not one, but maybe two or even three transformational changes are about to be keenly felt across the sector. A case in point: much has been said (including by me) about the rapid pace of …

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Puerto Cortés de Honduras suma inversión de US$350 millones en siete años

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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