Finance

Uy accepted billions in loans - including more than $1 billion from Chinese banks to fund a partnership deal with China Telecommunications - and now the

Scorpio Tankers (NYSE: $STNG) reported the biggest quarterly profit in its history on Thursday, and said that tonne-miles will go “through the

New York, NY – New York City Comptroller Brad Lander released an audit showing NYC Economic Development Corporation (EDC) underreported nearly a quarter

by John Konrad (gCaptain) Today shares of most shipping stocks are lower despite the market being mostly flat ahead of the important US Federal Reserve minutes

By Bloomberg News (Bloomberg) Senior US and Chinese officials discussed US economic sanctions and tariffs Tuesday amid reports the Biden administration is

by John Konrad (gCaptain) Shipping stocks across the board took heavy hits today in what shipping analyst J.Mintzmyer is calling “Bloody Friday.”

by John Konrad (gCaptain) While many shipping stocks have seen record profits this year, the stocks of cruise lines are among the biggest losers in the S&P

by John Konrad (gCaptain) A new UN report warns logistics professionals not to discount the impact of the Ukraine War on overall ship demand or get too excited

by John Konrad (gCaptain) Shares of product tankers are holding up well despite outsized gains in 2022 and an overall fall in the shipping market over the past

by John Konrad (gCaptain) Gunvor, the energy trading firm and shipowner cofounded by sanctioned Russian Oligarch and Putin’s long-time friend Gennady

ESG (Environment-Social-Governance) considerations are tied integrally into shipping finance. For example, the costs of vessel loans (and soon, maritime hull

By John Konrad (gCaptain) At the intersection of big banking and big shipping is Marine Money Week 2022, an annual event in Manhattan that hosts executives

By Jeremy Hill (Bloomberg) A $37 million wire transfer will serve as a substitute for a 150-foot luxury yacht tied to exiled Chinese businessman Guo Wengui,

MOSCOW/LONDON, Feb 28 (Reuters) – Buyers of Russian oil have faced difficulties over payments and availability of vessels after imposition of

By Dmitry Zhdannikov (Reuters) The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil

By Jonathan Saul (Reuters) – UK-based maritime company Fleetscape is investigating the possible transfer of Iranian oil to a tanker it finances, the

By Tatiana Freitas (Bloomberg) Coffee futures reached the highest in ten years in New York amid mounting concerns over tight supplies and space aboard ships.

By Captain John Konrad (gCaptain) CNBC editor Lori Ann LaRocco is a superstar in the world of logistics and seaborne trade. LaRocco’s tireless and timely

By Ana Monteiro (Bloomberg) The U.S. merchandise-trade deficit unexpectedly widened in December to a fresh record as imports continued to rise, outpacing

By Lorretta Chen (Bloomberg) –Troubled cruise operator Genting Hong Kong Ltd. plunged by a record Thursday after shares resumed trading, following