German lender Norddeutsche Landesbank (Nord/LB) has completed the sale of a EUR 2.6 billion (USD2.9bln) shipping loan portfolio. The bank recently announced its withdrawal from shipping.A US hedge fund Cerberus Capital Management took over the portfoli…
Nord/LB Sells Shipping Loans for USD2.9bln Read More »
South Korea’s liquid petroleum gas (LPG) imports are expected to increase 9.5% in 2019 on account of the growth is due to stronger demand from the petrochemical sector.The recent policy change that will allow LPG-fueled vehicles in the private sector i…
S.Korea’s LPG Imports to Grow: Drewry Read More »
The deal covers potential LNG newbuilding projects, such as bunker vessels, small-scale carriers and FSRUs.
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DNV GL, Keppel to Jointly Promote LNG as Ship Fuel Read More »
The natural gas sector is predicted to grow the most, tripling by 2050, while the container trade will double from…
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Reduction in fossil fuel use will have major impact on maritime industry Read More »
LNG leads the way to emission goals | Charterers snub dry bulk acquisitions | Scrubber investments in the spotlight
Daily Briefing April 12 2019 Read More »