In the news this morning:

Published Sep 23, 2024

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Reinsurance costs for the major protection and indemnity clubs are set to rise by up to 20% because of the multi-billion-dollar losses from the Baltimore bridge disaster, according to broker Marsh. Read the full story
Athens-based Aquila Marine has sold an elderly MR1 product/chemical tanker for recycling in India. The 35,800-dwt Aquila (built 1999) was beached at the plot of Diamond Industries Ship Breaking at Alang last Friday. Read the full story
The top management of John Fredriksen-backed Flex LNG offloaded shares worth around $3.9m last week. Chief executive Oystein Kalleklev and chief financial officer Knut Traaholt exercised options before selling the stock on New York Stock Exchange. Read the full story
Intra-Asia feeder specialist TS Lines has ordered two 4,300-teu container ship newbuildings at CSSC Huangpu Wenchong Shipbuilding. A source close to the deal confirmed TS Lines’ order and said the contract did not include option vessels. Read the full story
The Nordic high-yield bond market is booming. That is good news for issuers. But it could be a warning sign for investors. Read the full story

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