Finance

Among a bit of doom and gloom lately with the fluctuations in the dry bulk market, Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has signed an agreement with its lenders to extend the availability period of its $115

COPENHAGEN–Financially-troubled Danish shipper Torm A/S (TORM.KO) said Thursday it is still in talks to seal a long-term debt refinancing deal that

(Dow Jones) Moody’s Investors Service lowered its outlook on Teekay Corp. (TK) to negative from stable, citing concerns about management’s plan

After scathing reports by Bloomberg and The Straits Times on COSCO Corporation’s shipbuilding operations, Wu Zi Heng, Vice Chairman and President of

Global containership company, Box Ships Inc, (NYSE: TEU), announced today that it took delivery of its ninth vessel, the OOCL China, a 5,344 TEU

Bridgepoint and CMA CGM Group, with its parent company Merit, announced today that they have signed a formal agreement whereby Bridgepoint will acquire French

Sanko Steamship has had one of the most tumultuous histories of any shipping company in the world. Established in 1934, Sanko Line has its origin in the Sanko

Dockwise announced today that their full acquisition of Fairstar is nearly complete after they completed the purchase of another 10 percent of Fairstar shares

International seabed-to-surface contractor, Subsea 7 S.A. (Oslo Børs: SUBC), announced today that their Chief Financial Officer (CFO), Simon Crowe, has

Norwegian shipping and seafood company Stolt-Nielsen Ltd. (Oslo Børs: SNI), reported financial results today for their second quarter and first six months

Shipping company Universal Maritime Inc. said Wednesday it has withdrawn its initial public offering. MAIN FACTS: The company last month announced plans to

Breda, the Netherlands, Dockwise announced today that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the

Dr. Martin Stopford of Clarkson Research Services, economist and author of the renowned textbook Maritime Economics, compares shipping to a game of 3D poker.

SAINT PETERSBURG – OAO Sovcomflot (SCF Group) announced on Friday that Citigroup and Bank of America Merrill Lynch signed a USD $140 million, 7 year

Qatar Shipping SPC, a wholly owned subsidiary of Milaha (Qatar Navigation QSC), has secured a ten year US $110 million ship financing facility with QNB.

Greek shipowner Seanergy Maritime Holdings (NASDAQ:SHIP) announced the sale of their 1995-built, 172,173 DWT Capesize bulk carrier, BET Scouter, now destined

(Dow Jones) Tanker owner and operator B+H Ocean Carriers Ltd. (BHODD) filed for Chapter 11 bankruptcy Wednesday to restructure its balance sheet as it tries

Frontline Ltd.’s (FRO) first-quarter earnings fell 53% on a double-digit drop in revenue as the company said demand in the tanker market continues to lag

(Dow Jones) Ship Finance International Ltd.’s (SFL) first-quarter profit rose 21% on a stronger performance in the tanker market. The company, which