Finance

In an article yesterday in ZeroHedge, Tyler Durden recalls from earlier this summer, “problems with the industry-specific data underlying the Chinese

Aug. 22 (Bloomberg) — China National Offshore Oil Corp., parent of the nation’s biggest offshore energy explorer Cnooc Ltd., is seeking to raise $3

KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, created a unit to lend to the maritime industry, including assets such as drilling

China Ocean Shipbuilding Industry Group Ltd warned shareholders and prospective investors today: Based on the preliminary review of the unaudited management

Aug. 5 (Bloomberg) — China issued a three-year plan to urge financial institutions to support its troubled shipbuilding industry, the world’s

Rongsheng Heavy Industries announced in a stock filing today their plan to issue HK$1,400,000,000 (USD $180 million) in convertible bonds in an effort to help

Teekay LNG Partners L.P. (NYSE:TGP), announced today that it has issued approximately 0.93 million common units in a private placement to an institutional

Containership owners such as Maersk Line, CMA CGM, Seaspan, SinOceanic, Costamare, Ignazio Messina, Capital Shipmanagement, CIMC and others are all moving

In Seaspan’s latest financial earnings report, CEO Gerry Wang broke the news about having placed a $550 million order for an undisclosed number of new

It was reported on gCaptain last week, DNB ASA and Nordea Bank AB, two of the world’s largest shipping lenders, are seeing signs of an end to the

Golar LNG Ltd. has announced the execution of a USD $1.125 billion financing agreement to fund the first 8 of its 13 newbuild vessels and FSRUs. Golar has 11

July 25 (Bloomberg) — Nordea Bank AB and DNB ASA, two of the world’s largest shipping lenders, are seeing signs of an end to the maritime

As a follow-up to Seadrill’s acquisition of a majority stake in Sevan Drilling last month, Seadrill has announced today their offer for all remaining

UPDATE: Greek shipowner Victor Restis was arrested on charges of money laundering and embezzlement on Tuesday, becoming one of just a few prominent businessmen

By Gavin van Marle, The last remaining major South American shipping line, Chile’s CSAV, is beginning to reap the benefits of a concerted change in

In a stock exchange filing this afternoon, Hercules Offshore announced their offer to acquire all the remaining shares of jack-up drilling firm Discovery

July 11 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose to its highest in three months in Copenhagen

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. is in talks with two coastal cities and government departments to secure financial

By Koh Gui Qing and Yimou Lee HONG KONG/BEIJING, July 8 (Reuters) – An appeal for government financial support from China’s biggest private

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd., the nation’s biggest shipyard outside state control, halted share trading today