Finance

PACC Offshore Services Holdings Ltd (POSH), Asia’s largest operator of offshore supply vessels announced today that Mexican conglomerate Grupo Pegaso

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