Celestyal has announced the successful completion of a major refinancing initiative, replacing its original vessel acquisition funding with a more efficient financing model.
On April 27, the 1st General Assembly of the 2nd Shipping Finance Committee of the China Institute of Navigation (CIN) was held at the headquarters of the China P&I Club (CPI).
The shareholders' meeting of RINA, the multinational inspection, certification and engineering consultancy group, approved the financial statement for the fiscal year ending 31 December 2023, showing net revenues of 797 million euros, up 10% compared to 2022 and 13% EBITDA.
In a year that surpassed expectations, Hempel achieved historic high organic revenue growth of 13.7 per cent and delivered revenue of EUR 2,351 million, propelled by its Double Impact strategy.
NorthStandard has followed up strong renewal results after the first year of operating as a merged entity by announcing an A rating award from S&P Global Ratings.
Global, sector-focused law firm HFW has continued to expand its Greek ship finance offering with the hire of a leading team in Piraeus, led by partners Robin Parry and Ronan Le Du.
To state the obvious: Ships, being large and slow, are extremely energy efficient at carrying cargo when compared to trucks, trains and aircrafts.
The outlook for shipping finance remains positive, with a great number of lenders from Banks to Funds and Leasing Houses engaging in ever-greater competition to deploy capital.
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