Schulte, DEVK Create New Maritime Asset Investment Platform

Germany’s shipowner and ship manager Schulte Group and compatriot insurance group DEVK have established Navigo Shipholding AG, a maritime asset investment platform for institutional investors. As explained, the long-term objective of Navigo is to build up a mixed portfolio of vessels, predominantly under long-term charter agreements, providing good visibility of future earnings and thereby ensuring…

India’s ‘Passive’ Foreign Policy Yielding To One Advancing Its Interests: US Official

India is moving away from having a passive foreign policy to the one vigorously advancing its interests, a top American diplomat said Friday, attributing the trend to New Delhi’s “broadening strategic horizons” over the past two decades. It’s clear that India’s broadening strategic horizons over the past two decades have resulted in a shift away…