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Finance


Tuesday, March 13, 2012
berlian laju tanker logo
Finance

Berlian Laju Tanker Avoids Getting Ships Impounded, Financial Restructuring Underway

SINGAPORE (Dow Jones)–Indonesia’s Berlian Laju Tanker (B66.SG) said Tuesday it had obtained an order in the High Court of Singapore that prevents

March 13, 2012
Total Views: 21

Monday, March 12, 2012
Front Ardenne ship finance international
Finance

Ship Finance International’s CFO Eirik Eide Departs

(Dow Jones) Ship Finance International Ltd. (SFL) said its chief financial officer plans to step down in the second quarter to join another shipping company.

March 12, 2012
Total Views: 9

Sunday, March 11, 2012
ocean rig sete brasil drillships samsung heavy industries shipyard shipbuilding
Engineering News

Sete Brasil Shareholders Approve $3.9 Billion Investment Capital Increase

RIO DE JANEIRO -(Dow Jones)- Shareholders of Brazilian drilling-rig holding company Sete Brasil approved a capital increase as the company prepares to line up

March 11, 2012
Total Views: 15

Friday, March 9, 2012
ship's bridge fisheye
Finance

Supply and Demand Mismatch Forecasted in Shipping, Danaos is Downgraded

  We are downgrading Danaos to Neutral from Outperform, and Seaspan to Underperform from Neutral. – Credit Suisse Despite both Danaos’

March 9, 2012
Total Views: 18

sanko bride ahts
Finance

Sanko Steamship Seeks Financial Rehab

Tokyo-based shipping firm Sanko Steamship Co. is making final arrangements to seek the rescheduling of loan repayments through a private-sector intermediary to

March 9, 2012
Total Views: 35

Torm Lena
Finance

TORM Announces Sale of Medium Range Product Tanker

TORM has entered into an agreement to sell the MR product tanker TORM Lana. The parties have agreed not to disclose the sales price. TORM Lana will be

March 9, 2012
Total Views: 44

Thursday, March 8, 2012
cranes, equipment, third party, ship, ships, Mumbai, India, APM Terminals
Finance

Shipping Corp of India Seeks $500 Million in Loans for More Ships

MUMBAI (Dow Jones)–The Shipping Corp. of India Ltd. (523598.BY) plans to raise up to $500 million in dollar loans from banks overseas in the financial

March 8, 2012
Total Views: 5

Monday, March 5, 2012
Glencore CEO Hits the Road to Court Xstrata Shareholders
Finance

Glencore CEO Hits the Road to Court Xstrata Shareholders

LONDON (Dow Jones)–The chief executive of commodity giant Glencore International PLC (GLEN.LN) said the share swap ratio in its proposed merger of equals

March 5, 2012
Total Views: 4

Saturday, March 3, 2012
neptune orient lines nol
Finance

Neptune Orient Lines Gains Nearly 10 Percent, Singapore Economic Outlook Improves

SINGAPORE -(Dow Jones)- Singapore shares ended higher Friday, led by gains in cyclical stocks as investors’ optimism over the global economy got a shot

March 3, 2012
Total Views: 7

Friday, March 2, 2012
sbm offshore
Engineering News

Heads Roll at SBM Offshore After Taking Incredible Losses in 2011

AMSTERDAM (Dow Jones)–Dutch oil services firm SBM Offshore NV (SBMO.AE) posted a steep 2011 net loss Friday and scrapped its dividend payment as charges

March 2, 2012
Total Views: 36

PT Berlian Laju Tanker
Finance

For Shipbuilders, “2012 Will be a Difficult Year” – Marine Money [REPORT]

HONG KONG (Dow Jones)–The global slowdown in the shipping industry is claiming more victims and industry experts expect more defaults in the coming

March 2, 2012
Total Views: 2

yuan dollar
Engineering News

Yangzijiang Shipbuilding Chairman: “There’s no reason for the yuan to appreciate”

SINGAPORE (Dow Jones)–The chairman of Yangzijiang Shipbuilding Holdings Ltd. (BS6.SG) said Thursday he doesn’t expect the yuan to appreciate more

March 2, 2012
Total Views: 6

Thursday, March 1, 2012
torm
Finance

Torm Tankers is “Sailing on the Edge of Bankruptcy, Analyst

STOCKHOLM (Dow Jones)–Troubled Danish shipping company Torm A/S (TORM.KO) expects to announce an extension of its financing agreement Thursday or

March 1, 2012
Total Views: 45

Wednesday, February 29, 2012
vectis eagle super green 8500
Engineering News

Record Earnings in 2011 for China’s Yangzijiang Shipbuilding [REPORT]

SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a

February 29, 2012
Total Views: 3

seadrill logo
Finance

Impairment Charge Hits Seadrill in Q4, Stock Price Sits at Highest Level Ever

(Dow Jones) Seadrill Ltd. (SDRL, SDRL.OS) swung to a fourth-quarter loss as the offshore-drilling contractor booked a hefty impairment charge. However, the

February 29, 2012
Total Views: 3

Tuesday, February 28, 2012
rowan drilling drillfloor pulling slips tripping pipe
Finance

Rowan (NYSE:RDC) Reports Increased Rig Utilization and Day Rates

(Dow Jones) Rowan Cos.’s (RDC) fourth-quarter earnings fell 21% as the offshore drilling company reported lower contributions from discontinued

February 28, 2012
Total Views: 39

transocean
Finance

Transocean Shares Up 32% Since New Years, Impairment Factors in Q4 Loss

Transocean Ltd.’s (RIG) fourth-quarter loss widened sharply as the offshore-oil driller reported higher charges, mostly due to impairment, though revenue

February 28, 2012
Total Views: 2

Sunday, February 26, 2012
exxonmobil logo
Finance

Go Big or Go Home…ExxonMobil Announces Massive Spending Plan

HOUSTON -(Dow Jones)- Exxon Mobil Corp. (XOM) said Friday it plans spend a record $37 billion annually in capital projects for the foreseeable future, becoming

February 26, 2012
Total Views: 2

Thursday, February 23, 2012
general maritime genmar
Finance

General Maritime and Oaktree Get Blasted by Their Creditors in Bankruptcy Court

Creditors of General Maritime Corp. (GMRRQ) are accusing the oil tanker operator and “old friend” Oaktree Capital Management LLC of contriving to

February 23, 2012
Total Views: 137

Matterhorn Spirit Teekay
Finance

Teekay’s 4th Quarter Profit Heavily Impacted by Derivatives, Falls 44%

(Dow Jones) Teekay Corp.’s (TK) fourth-quarter earnings fell 44% on the impact of derivatives and other items, though the company reported revenue

February 23, 2012
Total Views: 4
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