ShippingWatch

New fund raises millions for shipping and offshore

Fleetscape, a new shipping entity under equity fund Oaktree Capital, has raised USD 400 million for the maritime industry, reveals the company, which is the latest alternative source of financing to emerge in the sector.

Hyundai Merchant Marine
Photo: Hyundai Merchant Marine

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Maersk presents flag plan for Hamburg Süd vessels

Maersk Line now reveals to ShippingWatch its plan for how the ships from acquired Hamburg Süd will be flagged going forward. Read on to learn how the ships will be distributed between Denmark and Singapore.

Car carrier cartel met at bars to fix prices

Over six years, sales directors from the major international car carriers met often to coordinate prices and tenders from major car manufacturers. This week, the carriers received huge fines from the EU Competitions Commissioner.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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