finance

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

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

(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

RIO DE JANEIRO -(Dow Jones)- Billionaire Brazilian businessman Eike Batista, the world’s seventh-richest person according to Forbes, doubled down on his

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

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

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

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

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

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

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

(Dow Jones) Genco Shipping & Trading Ltd. (GNK) unveiled plans to offer $50 million worth of common stock to pay for general corporate purposes. Shares of

SEACOR Holdings announced today that it will be selling off a portion of its environmental business to J.F. Lehman & Company, a private equity firm focused

Houston, Texas – Kirby Corporation (NYSE:KEX) has announced record net earnings attributable to Kirby for the fourth quarter ended December 31, 2011 of

Noble Corp.’s (NE) fourth-quarter profit rose 29% as the offshore driller’s contract revenue improved. Noble has been investing billions of dollars

Transocean Ltd. (NYSE: RIG), the world’s largest offshore drilling contractor, said today that its Executive Vice President and Chief Financial

Executives of publicly traded shipping and offshore drilling companies have a legal duty to act in the interest of the shareholders of their respective

MONACO – Scorpio Tankers Inc. (NYSE: STNG) announced that it has  signed a contract with South Korea’s Hyundai Mipo Dockyard Co. (HMD) to

Diana Containerships Inc. acquires two Panamax container vessels, signs US$100 Million Credit Facility With The Royal Bank of Scotland ATHENS, Greece, Dec. 19,

Transocean Ltd. (RIG, RIGN.VX) said it is offering 26 million shares of its common stock as the offshore oil drilling giant looks to raise funds to help