Finance

DP World, one of the world's largest port operators, has signed a $3 billion loan deal, becoming the latest Dubai entity to take advantage of buoyant funding

Norwegian ferry operator Fjord Line announced this week the receipt of a EUR 124 million loan from the European Investment Bank (EIB) to support the growth

Higher-than-expected loan losses in the shipping sector ate into DNB's second-quarter earnings, sending shares in Norway's largest bank down almost 5 percent

Investment firm KKR announced today it has acquired a majority stake in Aberdeen-based OEG Offshore Group, a company that supports the offshore oil and gas by

Oslo-listed Seadrill scrapped plans for a billion-dollar convertible bond issue after a fall in its share price and said its liquidity remained

A.P. Moeller-Maersk A/S said its oil and gas business will take a $1.7 billion writedown on its oil assets in Brazil and no longer push for an expansion in the

Stanford Marine Group postponed a planned initial public offering in London as majority owner Abraaj Group courts potential buyers for the Dubai-based

KKR & Co.’s Turkish ferry unit, its sole investment in the country, has attracted binding bids from Danish shipping company DFDS Group A/S and an alliance of

A U.S. bankruptcy judge said on Wednesday he will approve Genco Shipping & Trading Ltd's plan to exit its Chapter 11 bankruptcy after he overruled objections

German shipping company Hapag-Lloyd's designated Chairman Michael Behrendt said he was confident that market conditions would support plans for an initial

National Shipping Co of Saudi Arabia (Bahri) plans to arrange long-term sharia-compliant financing in the next year to replace a bridge loan backing its $1.3

JAKARTA, June 5 (Reuters) – Indonesian shipping company PT Trada Maritime Tbk is at risk of defaulting on its debt of around $31 million to the

A.P. Møller – Mærsk A/S announced today the successful completion of a USD $5.1 billion syndicated revolving credit facility with a selected group of

Thai dry bulk shipping firm Precious Shipping (PSL) announced today the executing of a USD 81.50 million Term Loan Facility with Export-Import Bank of

OSLO, May 27 (Reuters) – OSLO, May 27 (Reuters) – Oil tanker firm Frontline reported deepening losses Tuesday and said it may struggle to repay its

PRESS RELEASE – Ship Finance International Limited (NYSE: SFL) today announced the agreement to acquire two 82,000 dwt Kamsarmax dry-bulk carriers built

By Christian Wienberg May 21 (Bloomberg) — A.P. Moller-Maersk A/S’s container- shipping line, the world’s largest, said first-quarter profit more

JERUSALEM, May 19 (Reuters) – Israel Corp shareholders are set to vote on a $3 billion restructuring plan by the conglomerate’s shipping offshoot

RIO DE JANEIRO, May 16 (Reuters) – Brazil’s OSX Brasil SA , the bankrupt shipbuilder controlled by former billionaire Eike Batista, presented a

Financially distressed dry bulk shipper Eagle Bulk has gained another two weeks to come to an agreement with their lenders to agree on a restructuring