Finance

  • ABS Demand Unlikely to Alter Consumer Banks’...

    Increased issuance of asset-backed securities (ABS) by U.S. banks and nonbank financial institutions (NBFIs) could affect some issuers’ credit profiles if it leads to a sustained increase in secured wholesale funding sources, says Fitch Ratings. However, we believe that this trend does not yet represent a structural shift, with many consumer finance-oriented financial institutions raising consumer ABS issuance opportunistically to take advantage of attractive pricing and to enhance the liquidity of their ABS programs.

  • Minister of Oil and Gas Discusses Ways to...

    The Minister of Oil and Gas, Dr. Abdul-Rahman Osman Abdul-Rahman has encouraged the African Bank to enter into financing the oil projects to achieve goals of the sustainable development, pointing to a number of projects of gas production for electricity generation in West of Sudan.

  • China Buys Up Strategic Sri Lankan Seaport As The...

    A deal between China and Sri Lanka over the Hambantota deep sea port may be done — finally. After nearly a year-long showdown that brought China and India into the ring and sparked tensions and even outright violence between the various facets of Sri Lanka’s political spectrum, the toboggle may now be over . . . at least on paper.

  • Chinese purchases of overseas ports top $20bn in...

    Beijing pushes ahead with spending and new shipping routes through Arctic circle. China is ramping up acquisitions of overseas ports as it expands its reach as a maritime power, doubling its investments over the past year to $20bn and pushing ahead with plans to open new shipping routes through the Arctic circle.

  • American National Insurance Co. TX Has $948,000...

    American National Insurance Co. TX held its position in shares of Ship Finance International Limited (NYSE:SFL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,700 shares of the shipping company’s stock at the end of the second quarter. American National Insurance Co. TX owned about 0.07% of Ship Finance International Limited worth $948,000 as of its most recent filing with the SEC.

  • “Finance friendly” France scores late points in...

    A government push to make France more “finance-friendly” is raising Paris’ chances of attracting Brexit-fleeing banks from London although it is raising its game at a late stage in the process, a group of senior financial industry executives said.

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Energising the shipbuilding industry

Shipbuilding has in recent years emerged in Bangladesh as a significant means of export diversification. It has high potential. In a short period, the industry has made a good reputation in the global market. 

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Tanker Owners Continue to Order

There have been 146 tanker orders placed through July, compared to just 56 during the same time period last year. The bulk of these orders have stemmed from the VLCC and MR2 classes as 39 and 47 firm orders have been placed. 

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