finance

Rongsheng Heavy Industries announced in a stock filing today their plan to issue HK$1,400,000,000 (USD $180 million) in convertible bonds in an effort to help

By Yimou Lee HONG KONG, July 31 (Reuters) – China’s largest bulk shipper, China COSCO Holdings Co Ltd , may sell some of its $1.6 billion in

It was reported on gCaptain last week, DNB ASA and Nordea Bank AB, two of the world’s largest shipping lenders, are seeing signs of an end to the

By Rujun Shen and Ruby Lian SINGAPORE/SHANGHAI, July 23 (Reuters) – Banks have tightened lending to Chinese shipyards, putting more pressure on an

Since early 2013, I have argued in numerous articles that the traditional shipping markets, containers (liner), dry bulk and tanker markets will take longer to

Commerzbank on Wednesday sought to reassure investors that it is not selling assets in a value destructive manner in response to market speculation about a

Gerry Wang, CEO of Seaspan, says the industry is in the very early innings of the increase in container volumes, standing firmly by his prediction of a seven

Troubled Athens-based shipping company Excel Maritime (EXM) revealed in yesterday’s press release one of industry’s worst kept secrets: The

Last Wednesday I wrote an article about the epidemic, more like trend to be exact, of Greek shipping companies issuing preferred shares to boost their equity

(Reuters) STX Pan Ocean – owner of 97 bulk vessels, 249 chartered-in ships and open contracts for 28 newbuilds – filed for court receivership on

Tired of staid common shares?  Looking to spice up your day-trading life? How about some Series-B Cumulative Redeemable Perpetual Preferred Shares? (I cannot

LONDON, May 31 (Reuters) – Lloyds Banking Group is looking to sell an estimated $500 million tranche of its shipping loans as it continues to shrink its

New York-based Baltic Trading Limited (NYSE:BALT) is a publicly traded dry cargo company which operates a fleet of 9 dry cargo vessels, consisting of 3

DNB, one the world's largest lenders to the shipping industry has struggled with souring loans in the shipping

FRANKFURT, April 23 (Reuters) – NordLB’s, one of the world’s top ten ship financiers, expects the shipping industry to have passed its

By Lambros Papaeconomou, NYFEX Asset Management LLC Dry cargo shipping company Excel Maritime Carriers Ltd. (EXM) saw its share price drop almost 45%

FRANKFURT, April 5 (Reuters) – Private equity groups 3i and Allianz Capital Partners have attracted three tentative bids for their jointly-owned ferry

By Joyce Lee SEOUL, April 2 (Reuters) – South Korea’s STX Offshore & Shipbuilding Co Ltd is seeking a corporate restructuring agreement from

At the Connecticut Maritime Association conference last week in Stamford, Connecticut, I sat down with Peter Evensen, President and CEO of Vancouver-based

By Randy Fabi JAKARTA, March 14 (Reuters) – Indonesia’s leading oil and gas shipper PT Berlian Laju Tanker reached a deal with creditors to