UBS assumes leading Greek ship finance position with Credit Suisse takeover

UBS has taken on a very significant shipping portfolio following yesterday’s emergency takeover of compatriot bank Credit Suisse. UBS came to the rescue of troubled Credit Suisse yesterday in a $3.15bn government-backed deal to avert financial disaster. UBS has not had a strong shipping focus previously, something that has changed overnight with the Credit Suisse […]

As U.S. Imports Slow, Ports Eye Shipping Turnaround Later This Year

The leader of the busiest U.S. seaport on Friday said February’s cargo volume hit the lowest level since the start of the pandemic as inflation and economic upheaval hurt demand, and signaled that activity may not pick up until the second half of this year. “This is a global phenomenon. We may not be at […]

As U.S. Imports Slow, Ports Eye Shipping Turnaround Later This Year

The leader of the busiest U.S. seaport on Friday said February’s cargo volume hit the lowest level since the start of the pandemic as inflation and economic upheaval hurt demand, and signaled that activity may not pick up until the second half of this year. “This is a global phenomenon. We may not be at […]