Thursday, December 4, 2014
Maritime News

Greece’s Alpha Bank Raises Over $500 Million Via Shipping Loan Deal

Greece's Alpha Bank raised more than $500 million from a transaction backed by shipping loans, it confirmed on Thursday, one of the first of its kind by a Greek bank since 2008.

December 4, 2014
Total Views: 1

Wednesday, November 19, 2014
capesize bulk carrier terminal iron ore dry bulk
Maritime News

Baltic Exchange Faces Competition from EEX

Britain's Baltic Exchange faces competition from EEX, part of Deutsche Borse, as it tries to revive its loss-making Baltex dry bulk freight derivatives platform.

November 19, 2014
Total Views: 0

Sunday, November 16, 2014
black ship silhouette

Private Equity’s Black Ship

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. When capital markets and shipping...

November 16, 2014
Total Views: 1

Wednesday, November 12, 2014
ship rudder propeller stern drydock

Shipping Lending’s Good, Bad and Ugly

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 segments and asset...

November 12, 2014
Total Views: 17

Tuesday, November 11, 2014
Edith Maersk
Maritime News

Maersk Profit Gains as Container Volumes Up While Costs Down

A.P. Moeller-Maersk A/S, operator of the world’s biggest container line, said third-quarter profit increased as it cut costs and boosted box volumes.

November 11, 2014
Total Views: 1

Thursday, October 16, 2014

Eagle Bulk Shares Soar After Debt Cut By 80 Percent

Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity under a financial restructuring program.

October 16, 2014
Total Views: 12

Thursday, September 11, 2014
Scorpio bulkers
Maritime News

Tax-Free MLPs Sweeping the Shipping Industry

Master limited partnerships, tax- exempt companies that pay investors most of their income at the cost of added risk, are spreading in the shipping industry.

September 11, 2014
Total Views: 16

Tuesday, July 15, 2014
dp world

Dubai’s DP World Signs $3 Billion Loan Deal

DP World, one of the world's largest port operators, has signed a $3 billion loan deal, becoming the latest Dubai entity to take advantage of buoyant funding conditions to improve terms on its debt.

July 15, 2014
Total Views: 10

Wednesday, July 9, 2014
oeg offshore group

KKR Partners With OEG Offshore Group

Investment firm KKR announced today it has acquired a majority stake in Aberdeen-based OEG Offshore Group, a company that supports the offshore oil and gas by manufacturing and leasing Cargo Carrying Units...

July 9, 2014
Total Views: 4

Monday, June 23, 2014
Maritime News

Top Ships Back In Business With Delivery of Newbuild ECO Tanker

Nasdaq-listed Top Ships, Inc. (Nasdaq:TOPS) has taken delivery of the first of six newbuild medium-range tankers, ending nearly year long hiatus from the shipping industry.

June 23, 2014
Total Views: 0

Friday, June 13, 2014
ruby princess cruise ship
Maritime News

Fincantieri Eyes $2.5 Billion Valuation

Italian state-owned shipmaker Fincantieri aims to make its debut on the Milan bourse in July with a stock market value of up to 1.84 billion euros ($2.5 billion), it said on Friday.

June 13, 2014
Total Views: 1

Thursday, June 5, 2014
trada maritime mt lentera bangsa

Indonesian Shipper Trada Maritime At Risk of Default on $31 Million Debt

JAKARTA, June 5 (Reuters) – Indonesian shipping company PT Trada Maritime Tbk is at risk of defaulting on its debt of around $31 million to the International Finance Corp (IFC),...

June 5, 2014
Total Views: 8

Wednesday, June 4, 2014

Maersk Completes $5.1 Billion Refinance

A.P. Møller – Mærsk A/S announced today the successful completion of a USD $5.1 billion syndicated revolving credit facility with a selected group of 21 banks. The new facility refinances...

June 4, 2014
Total Views: 1

Friday, May 9, 2014

Private Equity May Destroy the Shipping Sector

The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.

May 9, 2014
Total Views: 1

Tuesday, May 6, 2014
handing money lending loan finance

StanChart Plans to Increase Lending to Maritime and Offshore Sector

May 6 (Bloomberg) — Standard Chartered Plc, the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to the shipping industry...

May 6, 2014
Total Views: 1

Thursday, May 1, 2014
oaktree capital

Oaktree Beats First-Quarter Estimates on Sales of Holdings

May 1 (Bloomberg) — Oaktree Capital Group LLC, the world’s largest distressed-debt investor, posted first-quarter profit that beat analyst estimates after it earned more than expected from selling holdings. Adjusted...

May 1, 2014
Total Views: 2

wall street finance new york stock exchange
Maritime News

Life Imitates Art as Wall Street Bets on Shipping Debt

The fictional Robert Fairchild is one of the hottest names on Wall Street.

May 1, 2014
Total Views: 3

Thursday, April 17, 2014
wall street finance new york stock exchange

Shipping Firms Turn To Equity Markets As Sector Eyes Recovery

By Jonathan Saul and Freya Berry LONDON, April 17 (Reuters) – Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent...

April 17, 2014
Total Views: 1

Monday, April 14, 2014

Höegh Gains More Financing for Newbuild FSRUs

Höegh LNG announced today they have received an upsized agreement with a number of banks to finance the final two FSRUs under construction at Hyundai Heavy Industries. In January, the...

April 14, 2014
Total Views: 0

Monday, April 7, 2014
port hole ship

A Porthole of an Exit Window for Shipping Investments?

After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the shipping market translating to higher...

April 7, 2014
Total Views: 3