Finance

COPENHAGEN, May 14 (Reuters) – Debt-stricken Danish shipping company Torm said it would not be able to comply with its financial covenants on minimum

By Tom Bergin LONDON, May 13 (Reuters) – A planned change in the way Britain taxes North Sea drillers exposes the loophole in a system that allowed an

LPG shipping firm Dorian LPG listed on the New York Stock Exchange last week. Since Dorian CEO John Hadjipateras rang the opening bell on Friday morning

The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its

May 6 (Bloomberg) — Standard Chartered Plc, the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to

May 1 (Bloomberg) — Oaktree Capital Group LLC, the world’s largest distressed-debt investor, posted first-quarter profit that beat analyst estimates

DUBAI, April 24 (Reuters) – Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as

Nakilat, the Qatari LNG shipping firm, announced today the closing of $807.4 million in refinancing allowing the firm to add three new LNG carriers to Maran

By Dawn McCarty April 21 (Bloomberg) — Peter Georgiopoulos’s Genco Shipping & Trading Ltd., an operator of dry-bulk cargo ships, filed for

By Jonathan Saul and Freya Berry LONDON, April 17 (Reuters) – Shipping companies are turning to equity markets to fill a growing funding gap, betting

By Elzio Barreto and Rujun Shen HONG KONG/SINGAPORE,April 17 (Reuters) – PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million

Höegh LNG announced today they have received an upsized agreement with a number of banks to finance the final two FSRUs under construction at Hyundai Heavy

SINGAPORE, April 10 (Reuters) – Singapore shares weakened slightly on Thursday, trailing behind other markets in Asia that were boosted by the latest

April 9 (Reuters) – Principal Maritime Tankers Corp, which is backed by Apollo Global Management LLC, filed with U.S. regulators to raise up to $100

After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the

Overseas Shipholding Group Inc. won court permission to sign a deal with its lenders that would raise $300 million from a share sale as part of the company’s

April 2 (Bloomberg) — Former Evercore Group LLC investment banker Frank Perkins Hixon Jr. pleaded guilty to insider trading in a scheme that the U.S.

FRANKFURT, April 1 (Reuters) – Ailing German public-sector lender HSH has cut its exposure to bad shipping loans by striking a debt restructuring deal

By Yimou Lee and Umesh Desai HONG KONG, March 31 (Reuters) – China Rongsheng Heavy Industries Group has agreed with banks to extend loans and other

March 28 (Bloomberg) — OW Bunker A/S shares surged as much as 19 percent on its first day of trading in Copenhagen after the marine fuel provider was