HSH Nordbank: Asian investments a growing factor in shipping
Shipping will be increasingly financed by Asian investors, according to HSH Nordbank's shipping customers in a new report from the major German bank. European banks will become less important, according to HSH.
BY LOUISE VOGDRUP-SCHMIDT
Asian investors will have a greater significance in the future funding of shipping, according to the customers of HSH Nordbank in a new analysis, which the bank has just released.
ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.
BW Epic Kosan, a merger between Lauritzen Kosan and Epic Gas, increased both revenue and operating result by more than 50% in Q1. The gas carrier believes in growth for sea transportation of liquefied petroleum gas this year.
The EU Parliament has given its approval to the part of the EU’s large-scale energy reform that aims to include shipping in CO2 quota system from the new year. Siglar Carbon has calculated the additional charges for a single container from Rotterdam to Shanghai.
The Danish and Norwegian shipowners’ associations hope the IMO is ready to act after last week’s positive signals regarding a CO2 levy. A long process lies ahead, according to Bimco’s deputy secretary general – possibly as long as ten years.
Tanker carrier Frontline, set to merge with competing Euronav, books improvements on both top and bottom lines in the year’s first quarter. One reason is the war in Ukraine having led to longer oil transports to Europe, says company CEO.