Thursday, November 17, 2016
Maritime News

DryShips Unable to Explain 1500% Stock Price Surge

DryShips on Thursday said it has raised $20 million through a registered direct offering but otherwise cannot explain the meteoric rise in the price of its stock since Donald Trump...

November 17, 2016
Total Views: 42

Wednesday, November 16, 2016

Shipping Stock Rally Raises Interest (and Questions)

By Caroline Valetkevitch NEW YORK, Nov 16 (Reuters) – Shares of U.S. shipping companies shot higher again on Wednesday, tripping various volatility halts and raising questions over the reasons behind...

November 16, 2016
Total Views: 20

Maritime News

Have Shipping Stocks Gotten Way Ahead of Themselves Since the Election?

By Julie Verhage (Bloomberg) — A 1,500 percent stock surge since Nov. 8? It’s possible in Trump’s America. DryShips Inc., which owns tankers that carry iron ore, coal and other...

November 16, 2016
Total Views: 7

Friday, November 4, 2016
Maritime News

KKR’s Pillarstone Set to Snap Up Europe Shipping Loans After Appointing Industry Vet

By Steve Slater LONDON, Nov 4 (IFR) – Pillarstone, the platform set up by US private equity firm KKR to buy non-core bank assets in Europe, looks set to take...

November 4, 2016
Total Views: 4

Thursday, September 1, 2016
NordLB office building hamburg

Germany Bails Out Bad Shipping Loans

German state-controlled lender NordLB has agreed to take full control of its loss-making Bremer Landesbank (BLB) unit, which is suffering from a weak shipping market that is chipping away at...

September 1, 2016
Total Views: 4

Wednesday, August 24, 2016
Oil and Gas Norway

Norway Companies Cut Offshore Investments

by Mikael Holter (Bloomberg) Oil and gas companies operating in Norway, western Europe’s biggest producer, cut investment forecasts further for this year and next as they continue to weather a...

August 24, 2016
Total Views: 9

Monday, August 22, 2016
NordLB office building hamburg

NordLB to sell $1.5B In Shipping Loans

by Maria Sheahan (Reuters) Aug 22 German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of...

August 22, 2016
Total Views: 2

Tuesday, June 21, 2016
Maritime News

European Central Bank Hones In on Shipping Loans

By Andreas Kröner FRANKFURT, June 21 (Reuters) – The European Central Bank is taking a hard look at lenders’ ship financing portfolios amid a broad deterioration in the shipping market,...

June 21, 2016
Total Views: 4

Monday, February 22, 2016
Maritime News

German Bank NordLB in Joint Venture to Advise on Restructuring of Bad Ship Loans

FRANKFURT, Feb 22 (Reuters) – German bank NordLB and two partners have formed a joint venture that will specialise in advising on the restructuring of non-performing ship loans, the state-backed...

February 22, 2016
Total Views: 1

Tuesday, October 20, 2015
Maritime News

Singapore Offshore Vessel Owners Tap Alternatives to Scarce Bank Funding

  By Rujun Shen SINGAPORE, Oct 20 (Reuters) – Offshore services firms in the Asian oil hub of Singapore are turning to higher-cost alternative funding avenues to offset a shortfall...

October 20, 2015
Total Views: 15

Wednesday, August 5, 2015

U.S. Investment Funds Target Italian Shipping Debt Deals

  By Pamela Barbaglia and Jonathan Saul LONDON, Aug 5 (Reuters) – Distressed debt investors are looking to buy shipping loans from Italian banks, encouraged by legal and regulatory changes...

August 5, 2015
Total Views: 3

Friday, May 29, 2015
Maritime News

Bad Shipping Loans – HSH Nordbank to Ditch ‘Substantial Legacy Assets’

HSH Nordbank AG, the German lender suffering from bad shipping loans, said it’s seeking to cut “substantial legacy assets” to help return to a healthy balance sheet.

May 29, 2015
Total Views: 1

Sunday, May 10, 2015
Maritime News

Smart Investments in Shipping

At a recent shipping conference, we were asked to present on the topic of smart investments in shipping given the present phase of the business cycle. The shipping industry is...

May 10, 2015
Total Views: 2

Friday, March 20, 2015
Photo: Star Bulk
Maritime News

Star Bulk Secures Financing for Newbuilds

Star Bulk Carriers Corp., the largest U.S. listed dry bulk company, said Friday it has secured up to $227.5 million in financing for seven newbuilds. With this new round of...

March 20, 2015
Total Views: 1

Wednesday, March 18, 2015
london gateway

DP World Holding Company Completes $1.2 Billion Loan, Sources Say

Port and Free Zone World (PFZW), the holding company for Dubai-based ports operator DP World, has closed a $1.2 billion loan deal, banking sources aware of the matter said on Wednesday.

March 18, 2015
Total Views: 6

Thursday, February 26, 2015
Maritime News

Berenberg in $1.1 Billion Shipping Push With New Debt Fund

Joh. Berenberg Gossler & Co. KG will boost lending to the maritime industry by as much as 1 billion euros ($1.1 billion) through a new shipping fund for institutional investors seeking an alternative to record low bond yields.

February 26, 2015
Total Views: 22

Thursday, January 22, 2015
OSG independence overseas shipholding group

OSG Appoints New President and CEO

Overseas Shipholding Group, Inc. (NYSE MKT:OSGB) announced Thursday the appointment of Captain Ian T. Blackley as its new President and Chief Executive Officer, effective immediately.

January 22, 2015
Total Views: 8

Wednesday, January 21, 2015

Euronav Launches $175 Million IPO in U.S.

BRUSSELS (Reuters) – Belgian crude oil shipping group Euronav said on Tuesday that it was going ahead with its plan to list shares on the New York Stock Exchange in...

January 21, 2015
Total Views: 0

Monday, January 12, 2015
stock market display investing

Asia Hurt by Continuing Slide in Oil, Dollar on Defensive

Asian stocks slipped on Tuesday as a continuing slide in crude oil prices dampened risk appetite, while the dollar nursed losses against the safe-haven yen.

January 12, 2015
Total Views: 0

Wednesday, December 24, 2014
winna wilson atb kirby signal international

U.S. Maritime Shipping Stocks Seen Returning 59%

U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next 12 months, outshining the 35 percent gain on the first day of Alibaba Group Holdings Ltd.’s initial public offering last month.

December 24, 2014
Total Views: 1