Finance


Wednesday, March 13, 2013
Finance

China Cosco is Scraping for Cash, Considers Selling Billions in Assets to Parent Company

(Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, may raise as much as 27 billion yuan ($4.3 billion) selling assets

March 13, 2013
Total Views: 45

Thursday, March 7, 2013
Finance

Icahn Hopes to Shake Things up at Transocean, Proposes 3 New Board Members

(Bloomberg) — Billionaire investor Carl Icahn proposed three new Transocean Ltd. board candidates and said he’d push for a higher dividend after

March 7, 2013
Total Views: 56

Finance

Pareto Securities Lowers Golar LNG to “Hold” on Reduced Near-Term Outlook

(Bloomberg) — Golar LNG Ltd., an owner of tankers hauling liquefied natural gas, was lowered to “hold” from “buy” at Pareto

March 7, 2013
Total Views: 59

Wednesday, March 6, 2013
Finance

Mitsubishi Plans $750 Million Private-Equity Shipping Fund

(Bloomberg) — A Mitsubishi Corp. subsidiary plans to seek $750 million for a fund managed by former General Electric Co. shipping-team members that will

March 6, 2013
Total Views: 120

Finance

Samsung Heavy Cancels $2.4 Billion FLNG Order, Battle Over Down Payment Continues

By Oleg Vukmanovic and Joyce Lee LONDON/SEOUL, March 6 (Reuters) – South Korean shipbuilder Samsung Heavy Industries on Wednesday cancelled a $2.39

March 6, 2013
Total Views: 112

Finance

Danish Shipper Norden Just Barely Makes a Fourth Quarter Profit

COPENHAGEN, March 6 (Reuters) – Danish shipping company Norden on Wednesday reported a slim fourth quarter operating profit but said it expected markets

March 6, 2013
Total Views: 47

Finance

All Metrics Point Toward Sustained Prosperity for Bourbon, Fleet Growth Continues

By James Regan and Benjamin Mallet PARIS, March 6 (Reuters) – France’s Bourbon SA, which supplies ships for the oil and gas industry, sees

March 6, 2013
Total Views: 79

Monday, March 4, 2013
Finance

Icahn Applies Pressure to Transocean Board, Dividend Reinstated

(Bloomberg) — Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated

March 4, 2013
Total Views: 53

Thursday, February 28, 2013
Finance

Capital Product Partners L.P. Reaches Conditional Agreement With Overseas Shipholding Group Regarding Long Term Charters of Three Product Tankers

ATHENS, GREECE–(Marketwire – Feb 28, 2013) – Capital Product Partners L.P. (the “Partnership” or “CPLP”)

February 28, 2013
Total Views: 58

Finance

German Banks With Upside-Down Ship Loans Forgo Seizing Vessels

(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after

February 28, 2013
Total Views: 79

Finance

Rig Downtime Costs Seadrill Millions in 2012

By Balazs Koranyi OSLO (Reuters) – Offshore oil driller Seadrill expects to resolve operational problems this year, it said on Thursday, and predicted

February 28, 2013
Total Views: 100

Thursday, February 21, 2013
Finance

In No Uncertain Terms, Teekay is Planning for Growth

Teekay reported their FY 2012 financials today and if there was one word to describe Teekay operations at this very moment, it would be “Growth.”

February 21, 2013
Total Views: 112

Wednesday, February 20, 2013
Finance

Nigeria LNG Looks to Raise $1.6 Billion to Buy Half-Dozen Gas Carriers

LAGOS, Feb 20 (Reuters) – Nigeria Liquefied Natural Gas Company (NLNG) has appointed France’s BNP Paribas and GT Bank to help raise around $1.6

February 20, 2013
Total Views: 134

Monday, February 18, 2013
Finance

CMA CGM Wins Support from Banks, Bonds Outpace Peers

CMA CGM SA’s bonds rallied seven times faster than peers in the past week after the third-biggest container line won support from banks to loosen debt

February 18, 2013
Total Views: 113

Wednesday, February 13, 2013
Finance

Financiers Hold the Throttle, and Key, to Shipping as Shipowners Lack Discipline

The 19th annual Hellenic-American and Norwegian-American Chambers of Commerce shipping conference was held yesterday at the Waldorf-Astoria hotel in New York

February 13, 2013
Total Views: 64

Finance

IRS Seeks $463 Million in Taxes From Overseas Shipholding Group

Overseas Shipholding Group Inc., the largest U.S. tanker operator, owes $463 million in U.S. taxes, the Internal Revenue Service said. The bankrupt

February 13, 2013
Total Views: 36

Tuesday, February 12, 2013
Finance

Danaos Reports 2012 Financials, German Containership Owner Shoots Par

Danaos Corporation, a Athens-based containership owner announced their 2012 year end financial results today. It was a challenging year for the global

February 12, 2013
Total Views: 120

Wednesday, February 6, 2013
Finance

Fred Olsen Shares Fall as Rising Costs Cut Profit Outlook

(Bloomberg) — Fred Olsen Energy ASA, a Norwegian offshore drilling company, dropped to a three-week low in Oslo as higher-than-expected cost increases in

February 6, 2013
Total Views: 41

Tuesday, February 5, 2013
Finance

Overseas Shipholding Wins Bankruptcy Court Approval for $25 Million in Loans

Overseas Shipholding Group Inc. (OSGIQ), the largest U.S. tanker operator, won approval to borrow $25 million to maintain ships and to make payments to two

February 5, 2013
Total Views: 45

Monday, February 4, 2013
Finance

MISC Berhad Makes Biggest Jump in 14 Years on Takeover Offer

(Bloomberg) — MISC Bhd., the world’s second-largest liquefied natural gas shipper, surged the most in more than 14 years in Kuala Lumpur stock

February 4, 2013
Total Views: 190