Finance

Bourbon SA, owner of the biggest fleet of supply and crew ships for the oil industry, swung to a profit in the first half and said an increase in

For the first time this year, slowing growth in oil demand is spurring analysts to cut estimates for earnings in the tanker industry’s largest vessels.

(Bloomberg) — Samsung Heavy Industries Co. plans to offer 500 billion won ($440 million) of bonds next month as South Korean shipyards sell a record

Seadrill Ltd.’s (SDRL, SDRL.OS) second-quarter earnings fell 14% as higher operating expenses masked the Norwegian oil-services company’s rise in

SINGAPORE–Triyards Holdings, a unit of offshore services provider Ezra Holdings, has been granted conditional eligibility to list on the mainboard of

Hellenic Carriers Limited (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announced today that, in continuation

Overseas Shipholding Group Inc. is running out of cash and must renegotiate a loan agreement as an industrywide slowdown and rejection of a federal debt

Chevron Corp. (CVX) may end up getting a better deal Down Under than it bargained for. Chevron owns a 47% stake in Australia’s 43 billion Australian

DryShips Inc.’s (DRYS) second-quarter loss narrowed as revenue improved and vessel-impairment expenses weighed on year-ago results. However, shares fell

SEOUL–STX Pan Ocean Co. (028670.SE), South Korea’s largest bulk carrier by sales, said Tuesday it swung to a net loss in the second quarter as

SEOUL–The world’s top two shipbuilders on Monday posted sharp declines in their second-quarter net profit, bled by the heavy discounts they have

Teekay Corp.’s (TK) second-quarter loss narrowed as the tanker-ship company saw revenue rise and voyage expenses decline, as it also recorded a foreign

In their second quarter earnings report, Wilh. Wilhelmsen ASA (WWASA) reports further growth led to record high total income and operating profit. “We

(Bloomberg) — Neptune Orient Lines Ltd. said its container-shipping arm, Asia’s third-biggest, had the first quarterly profit since 2010 because of

HSBC Bank, the world’s 2nd largest  banking and financial services group, issued a statement late in the week that it had reached a deal to sell HSBC

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd., which hasn’t announced any 2012 ship orders, may find winning deals even harder

With an average contract duration of over 10 years, Greek containership owner, Danaos Corporation (NYSE: DAC) is largely protected from the fluctuations found

TOKYO–Nippon Yusen KK (9101.TO) said Tuesday that it has slashed its investment to build new liquefied natural gas carriers and floating production,

TOKYO–Japan Bank For International Cooperation has signed a contract to lend up to $1.927 billion dollars to a Japanese consortium that owns a minor

In their recent SEC filing, Vantage Drilling Company (NYSE: VTG) reports carrying over $2 billion in long term debt, nearly double last year’s figure