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Finance


Monday, May 21, 2012
ing bank lion
Finance

Poison Pill Rejected, Fairstar Heavy Transport Gains $247 Million Loan from ING Bank

Fairstar Heavy Transport N.V. (FAIR) has signed a USD $247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to

May 21, 2012
Total Views: 112

tidewater workboat osv
Finance

Earnings Soar at Tidewater, World’s Largest Workboat Operator

(Dow Jones) Tidewater Inc.’s (TDW) fiscal fourth-quarter earnings soared from a year-earlier quarter weighed down by heavy charges, while higher

May 21, 2012
Total Views: 9

Wednesday, May 16, 2012
Fairstar FJELL perro negro jackup
Finance

Fairstar Receives “Poison Pill” Offer, and a $2.9 Million Heavy Lift Contract

Fairstar Heavy Transport N.V. (FAIR) announced today the award of  a new contract to transport the jack-up drilling rig OFFSHORE VIGILANT from Port of Spain,

May 16, 2012
Total Views: 90

Tuesday, May 15, 2012
Resistance is Futile. Dockwise Launches Offer for Remaining Shares of Fairstar
Finance

Resistance is Futile. Dockwise Launches Offer for Remaining Shares of Fairstar

Dockwise, via their wholly-owned subsidiary Dockwise White Marlin B.V., announced today the unconditional mandatory offer for all the issued and outstanding

May 15, 2012
Total Views: 16

Friday, May 11, 2012
Vessel Expenses Outweigh 42% Revenue Growth at Navios Maritime, S&P Lowers Outlook
Finance

Vessel Expenses Outweigh 42% Revenue Growth at Navios Maritime, S&P Lowers Outlook

(Dow Jones) Standard & Poor’s Ratings Services lowered its rating outlook on Navios Maritime Acquisition Corp. (NNA) to negative from stable,

May 11, 2012
Total Views: 6

CSAV
Finance

Losses Continue at Chilean Shipping Company CSAV

SANTIAGO -(Dow Jones)- Chilean shipper Compania Sudamericana de Vapores SA‘s (VAPORES.SN) first-quarter loss widened to $205 million compared with a

May 11, 2012
Total Views: 5

Thursday, May 10, 2012
wilh wilhelmsen
Finance

Livin’ La Vida Loca…Wilh. Wilhelmsen Posts 84% Rise in Year-on-Year Profits

In the face of extraordinary challenges faced by the global shipping industry, Norwegian maritime conglomerate, Wilh. Wilhelmsen Holding ASA (WWI.OS),

May 10, 2012
Total Views: 14

Tuesday, May 8, 2012
Jinhui Shipping & Transportation Ltd. (JIN.OS)
Finance

Jinhui Shipping Winces Under Low Freight Rates and Demand, Shares Down Over 10%

Norway-listed Jinhui Shipping & Transportation Ltd. (JIN.OS), a ship owner, charter and investment company, Tuesday warned that it expects to record a

May 8, 2012
Total Views: 6

COSCO 5000 pctc
Finance

COSCO Expects Business in 2012 to be “Difficult and Challenging”, Reports Lower Profits

SINGAPORE (Dow Jones)–Cosco Corp. (Singapore) Ltd. (F83.SG) said Tuesday its first-quarter net profit fell 25% from a year earlier, mainly due to lower

May 8, 2012
Total Views: 4

Friday, May 4, 2012
navios tankers
Finance

Navios Maritime Offers 4 Million Shares at Discount

Navios Maritime Partners L.P.’s (NMM) public offering of 4 million common units priced at a 4.5% discount to Wednesday’s close. The units were

May 4, 2012
Total Views: 1

Wednesday, May 2, 2012
Rowan Viking
Finance

Rowan Shows Strong Revenue Growth with Higher Day Rates and Jackup Rig Utilization

(Dow Jones) Rowan Cos.’s (RDC) first-quarter earnings rose 54% as higher day rates contributed to the offshore drilling company’s

May 2, 2012
Total Views: 26

Monday, April 23, 2012
fairstar heavy Forte
Finance

Dockwise Sends Unsolicited Low-Ball Offer to Fairstar Heavy Transport

Fairstar Heavy Transport N.V. (FAIR) announced today that they have received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a

April 23, 2012
Total Views: 41

Torm Tankers
Finance

TORM Shareholders Left With Pennies, Banks Gain 92.5% After Capital Injection

COPENHAGEN (Dow Jones)–Financially strapped Danish shipping company Torm A/S (TORM.KO) said Monday a planned liquidity injection would result in its

April 23, 2012
Total Views: 15

Thursday, April 12, 2012
FPSO Piranema
Finance

Offshore and LNG Fundamentals Look Strong, Teekay Spinoffs Raise Dividends

A pair of Teekay spinoffs, Teekay Offshore (NYSE:TOO) and Teekay LNG (NYSE:TGP) both declared increased cash distributions today of $0.5125 per unit  and

April 12, 2012
Total Views: 22

Monday, April 2, 2012
torm
Finance

TORM’s Capital Injection Talks Collapse, Restructuring Imminent [REPORT]

STOCKHOLM (Dow Jones)–Negotiations on a capital injection to save troubled Danish tanker and bulk vessel operator Torm A/S (TORM.KO) have collapsed,

April 2, 2012
Total Views: 1

Thursday, March 29, 2012
tian luhai
Finance

China COSCO Reports USD $1.6 Billion Loss in 2011, Dry Bulk Market is a Major Factor

SHANGHAI (Dow Jones)–China Cosco Holdings Ltd. (1919.HK) said Friday it swung to a loss in 2011 because of a slowdown in international trade and higher

March 29, 2012
Total Views: 9

Tuesday, March 27, 2012
torm tankers
Finance

Torm Negotiates with Investor Groups to Stave Off Bankruptcy

(Dow Jones) Danish tanker and bulk vessel operator Torm A/S (TORM.KO) said Tuesday it is in final talks with two international groups of investors for a

March 27, 2012
Total Views: 14

Sunday, March 18, 2012
milaha qatar navigation halul offshore
Finance

Halul Offshore Secures $60 Million for OSV Fleet Expansion

Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (QAR 220

March 18, 2012
Total Views: 13

Friday, March 16, 2012
frontline tankers oslo stock exchange
Finance

Frontline Tankers (FRO) Takes a Ride on the Oslo Stock Exchange

It was quite a day for shareholders of Frontline Tankers.  Their stock shot up nearly 29% on news of increased VLCC and Suezmax tanker day rates. In a note

March 16, 2012
Total Views: 7

torm
Finance

Torm Seeks Reduction in Capital Expenditures, Cancels Newbuild of Product Tanker

Danish shipping company Torm A/S (TORM.KO) has entered into an agreement to cancel one medium range (MR) product tanker newbuilding, which was scheduled for

March 16, 2012
Total Views: 20
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