Bank debt has long formed the sturdy foundation of the shipping capital markets. Exotic instruments come and go, but the ship mortgage and the syndicated bank loan remain and thrive. Typically banks fulfill their role quietly, helping clients to grow and modernize their companies without fanfare. At times, perhaps, they help a little too much. Continue Reading
Stamford, Connecticut – Mr. John Fredriksen, chairman, chief executive, president and director of Frontline Ltd., has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2008.Mr. Fredriksen follows a long succession of influential maritime industry leaders as Commodore. Continue Reading