Ship Financing, or Lack Thereof, Under Posidonia Spotlight

A few days after Aggelikousis Group's US$1.25 billion credit facility with six banks for the financing of nine LNG carriers was made public, delegates of a shipbuilding conference held during the fourth day of this year's Posidonia Exhibition heard that increasing defaults on existing financing agreements between shipowners and lenders will ultimately lead to an era of no new … [Read more...]

Energy Efficiency Focus Fuels New Shipping Strategies on First Day of Posidonia 2012

As persistent high oil prices and the burden of increased regulatory compliance have rendered energy management strategy development crucial for fleet owners worldwide, the shipping industry is on the verge of a new frontier where novel concepts and sophisticated approaches to ship design and performance verification methods emerge. The world's major ship building nations … [Read more...]