Finance

AMSTERDAM–Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) Thursday confirmed its earnings outlook for 2012 at an extraordinary meeting of

SKF AB, the world’s largest maker of ball bearings, agreed to buy Hamburg-based ship-component maker Blohm & Voss Industries GmbH to expand its

Norwegian Cruise Line Holdings Ltd. said its initial public offering of 23.5 million shares will likely price between $16 and $18 a share. The cruise-line

AMSTERDAM–Dredging company Royal Boskalis Westminster NV (BOKA.AE) said Tuesday that it has secured financing for its planned acquisition of sea

Banks will exert more control over the shipping industry this year as vessel values continue to decline, according to accounting firm Moore Stephens LLP.

Star Bulk Carriers Corp. (SBLK) reached an agreement with its lenders to defer up to $24 million of repayment obligations over the next two years. The

By Ivana Sekularac ZEEBRUGGE, Belgium – CMA CGM, the world’s third-largest container group, plans to list shares on the Paris Stock Exchange to get

After suffering nearly USD $19 million in losses in the 3rd quarter, Paragon Shipping Inc. (NYSE: PRGN) has been working diligently with their lenders to come

(Bloomberg) — Carlyle Group LP and Tiger Group Investments’ ship fund is in talks about financing new vessels with five container lines as higher

At the Marine Money Conference in New York City two weeks ago, Dr. David Zervos, Managing Director and Chief Market Strategist at Jefferies & Company gave

NASDAQ-listed Star Bulk Carriers Corp (SBLK) is looking at a pretty dismal future.  Their quarterly numbers they released today weren’t too bad

(Bloomberg) — Norddeutsche Landesbank Girozentrale, the world’s fifth-largest shipping lender, returned to profit in the third quarter after higher

0618 GMT 22 November [Dow Jones] STOCK CALL: Keppel’s (BN4.SG) stock faces “a tug of war between good contract wins and margin concerns,” UOB

International Shipholding Corporation (NYSE: ISH) announced last week that in light of current market conditions, it has decided not to proceed with its

Denmark’s AP Moller-Maersk (MAERSK-A.KO, MAERSK-B.KO) will shift the focus of its business activity from shipping, choosing instead to concentrate on its

(Bloomberg) — Overseas Shipholding Group Inc., the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the

Bermuda-based Knightsbridge Tankers (NASDAQ: VLCCF) reported their Q3 financials today and gave us an overview of the tanker and dry bulk markets.  With

After Overseas Shipholding Group, Inc. (NYSE:OSG) announced last month they were considering filing for Chapter 11 bankruptcy protection, their stock took a

With a fleet of 64 containerships aggregating 363,049 TEUs, Athens-based Danaos Corporation (NYSE: DAC) ranks among the largest containership charter owners

SINGAPORE–Sembcorp Marine Ltd. (S51.SG) Monday reported a 48.1% fall in its third quarter net profit as revenue fell due to lower recognition of rig