Shipfinex has received In‑Principle Approval (IPA) from Dubai’s Virtual Assets Regulatory Authority (VARA) for a VASP license. This approval marks a significant regulatory milestone and places Shipfinex within VARA’s formal licensing framework for virtual asset activities related to maritime assets. An In‑Principle Approval is a provisional regulatory status . It confirms that VARA has assessed Shipfinex’s operating model, governance approach, and compliance intent, and has permitted the...

Key Takeaways Cargo ships handle non-containerized and specialized cargo.  The segment covers goods that do not fit standard container dimensions, including oversized equipment, vehicles, heavy machinery, and project components. Seven cargo ship types serve distinct operational functions:  general cargo ships, multipurpose ships, heavy lift ships, RoRo ships, refrigerated ships, project cargo ships, and break bulk carriers. Cargo ships carry onboard cranes; container ships do not.  This...

Key Takeaways Passenger ships fall into seven distinct categories , each serving different market functions: ocean liners, cruise ships, expedition ships, river cruise ships, passenger ferries, RoPax ships, and high-speed craft. Ocean liners and cruise ships are fundamentally different assets.  Ocean liners are built for point-to-point transport with reinforced hulls and 30+ knot speeds. Cruise ships are leisure platforms optimised for onboard experience, not transportation efficiency. Cruise...