Finance

Halliburton Co.’s pursuit of Baker Hughes Inc. may be just the start of big energy deals as oil prices

Since the beginning of the shipping crisis, it seems fewer topics have drawn more attention than private equity (PE) funds interested to invest in shipping.

Hapag-Lloyd AG revised its full year forecast to a loss as Germany’s biggest container shipping line battles industry overcapacity and freight rates in the

Six years into the shipping crisis, the debate still rages whether there is light at the end of the tunnel. There have been market gyrations among market

France-Corsica ferry operator SNCM has suspended payments to creditors and will file for court protection on Tuesday, the firm said in a statement late on

South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it's heading for its

After losing 13 product tankers to Oaktree Capital Management earlier this year, Danish shipowner Torm has entered into an agreement with its 40+ lenders and

By Jack Kaskey and Naomi Christie Oct. 24 (Bloomberg) — U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next 12

KKR & Co. has agreed to sell its Turkish ferry business to a partnership of local private-equity firms Esas Holding AS and Actera Partners

Beleaguered Chinese shipyard Rongsheng Heavy Industries issued a profit warning today to shareholders that the company is “expected to incur a

BG Group Plc, the U.K. oil and gas explorer seeking a chief executive officer, posted a 23 percent jump in earnings after income from liquefied natural gas

Hornbeck Offshore (NYSE: HOS), a Gulf of Mexico-focused operator of offshore support vessels reported a strong second quarter today with a 25 percent jump in

By Mike Wackett, UK-based containership owner Global Ship Lease (GSL) has revealed it has contracted revenue of $900m in long-term charters on 15 of its fleet

Tor Olav Trøim, the financial wizard that helped enable the many successes of Norwegian shipping tycoon John Fredriksen announced today his intentions to step

Shares of subsea contractor HelixESG (NYSE:HLX) jumped over 10 percent this week after the company reported an extremely solid second quarter as a result of

Rather than go through the costly process of the 15-year special survey, Frontline has agreed to sell three of their 1999-built VLCCs, Front Opalia, Front

The Chairman of the Board at Saga Tankers, Mr. Øystein Stray Spetalen has decided to shift some assets around between his solely-owned investment firm

ICBC Financial Leading Company Ltd, an arm of the world’s largest bank, last week signed a $1.08 billion deal with Brazilian industrial

Israel's biggest shipping firm Zim said it completed a more than $3 billion debt restructuring that will allow the company to capitalise on the recovery in

PACC Offshore Services Holdings Ltd (POSH), Asia’s largest operator of offshore supply vessels announced today that Mexican conglomerate Grupo Pegaso