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Shipowners in the EU are allowed to carry Russian oil to countries outside the union – but the cargo cannot be insured in the EU, according to a circular from leading marine insurance companies.
Refinancing of Borr Drilling requires an additional equity injection and loan extensions. The embattled drilling firm hopes to land an overall financing solution later in July.
Clipper’s Danish company Clipper Group, which includes RoRo carrier Seatruck Ferries, has turned red figures into the biggest profit in five years. The large dry bulk business, which Clipper does not disclose any numbers for, has progressed the last year and a half, says top exec.
Investegate announcements from Clipper Logistics, Statement re: update to the Acquisition Timetable
Investegate announcements from Clipper Logistics, Replacement re: Acquisition Timetable