Houston-based Kirby Corporation said it has signed a definitive agreement to acquire Savage Inland Marine’s towboat and tank barge fleet for approximately $278 million in cash and the assumption of leases.Kirby will acquire Savage’s inland fleet…
Kirby to Acquire Savage Inland Marine Fleet Read More »
The dry bulk market is looking set for a rough ride during 2020, with spikes in rates being the exception, instead of the norm. In its latest weekly report, shipbroker Allied Shipbroking noted that “sometimes numbers can better reflect the state of the…
Dry Bulk Market: A Mediocre 2020 Could be Shaping Up Read More »
PwC’s insights, trends and current challenges for the shipping industry were presented during “PwC’s Shipping Industry Update for Finance Professionals” event organized by PwC Greece. The event took place in Athens, in January 2020, and was attended by…
BIMCO is developing its own standard Memorandum of Agreement (MOA) for ship sale and purchase (S&P). The new BIMCO MOA is rapidly taking shape after just three meetings of the expert group, the most recent at the offices of Louis Dreyfus in Paris o…
Industry Experts Draft New BIMCO S&P Agreement Read More »
Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to cuts in carbon dioxide emissions.Global shipping accounts for 2.2% of the world’s CO2…
Lenders Back Initiative to Factor CO2 Cuts into Shipping Finance Read More »