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Owners seek secondhand refinancing but lenders show little interest

With less new ships being ordered amid the severe oversupplied shipping market and vessel assets changing hands in light of restructurings, owners are starting to seek refinancing for secondhand tonnages, but bankers have expressed little or no interests in entering into deals for such passed down assets.

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EIB signs agreement of 150 million euros to finance green shipping

The European Investment Bank and Dutch bank ABN Amro will sign an agreement today to support investments for greening the European shipping fleet. This framework is the first with a financial institution in the Netherlands and is supported by the “Connecting Europe Facility” and was made possible by the ”EFSI” (European Fund for Strategic Investments), central pillar of the Juncker Commission’s Investment Plan for Europe.

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Japan and EU Protest DSME Bailout from S. Korean Government

Japan and the European Union officially raised concerns over the Korean government’s latest 2.9 trillion won ($2.5 billion) bailout plan to rescue cash-strapped Daewoo Shipbuilding & Marine Engineering at a working group meeting of the Organization for Economic Cooperation and Development in Paris, a government official said Wednesday.

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To pool or not to pool

While the worst might be over for the dry bulk shipping sector, a full recovery is still some way off; the future remains fragile. With shipowners reluctant to settle for low rates for a long period of time, there has been an increased interest in pools.

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Seaspan Corporation: The Bear Case From a Bull

Despite delivering steadily rising revenue, bears have mauled Seaspan Corporation's (NYSE: SSW) stock over the past few years. They've done so by focusing the market's attention on three things: the turbulent shipping market, Seaspan's massive debt load, and earnings issues on the horizon. Here's a closer look at why they believe these issues will continue to weigh on its stock in the near term. 

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LNG derivatives could set off market for all

The steep drop in the price of oil and resultant de-couupling of the link between crude and LNG prices could be the spark that the clean burning gas needs to explode in popularity and result in the development of a true Asian gas market while shipping will play an integral role in this, speakers at Marine Money's 10th Hong Kong Ship Finance Forum said.

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