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A Second Qatari LNG Carrier Struck as 22 Chinese Vessels Cross the Red Sea Unharmed

Operational Overview Two parallel escalations are shaping the maritime picture. Iran is tightening its grip on Hormuz. The Houthis are tightening theirs on the Red Sea. Chinese-linked shipping is moving freely through both. GASLOG SHANGHAI, a Bermuda-flagged LNG tanker carrying Qatari LNG, was struck by a likely Iranian projectile approximately 11 nautical miles northeast of ...

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Agusto & Co withdraws Geregu Power’s rating after N40.09 billion bond default

Agusto & Co has withdrawn the “A-” credit rating assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond, after the company defaulted on its scheduled eighth coupon payment…

  • Agusto & Co withdraws A- rating and bond rating for Geregu Power
  • Company defaults on N40.09 billion bond payments
  • Financial performance concerns lead to rating downgrade