finance

(Bloomberg) — A Mitsubishi Corp. subsidiary plans to seek $750 million for a fund managed by former General Electric Co. shipping-team members that will

(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after

(Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state-owned energy company, offered to buy out shipping unit MISC Bhd. in a deal worth 8.7

HOUSTON – Kirby Corporation (NYSE:KEX), the largest domestic tank barge operator in the United States announced their 4th quarter earnings today,

SINGAPORE–DVB Bank SE (DVB.FF), a major global financier of purchases of ships and airplanes, projects that the market for global marine transport

Jan. 16 (Bloomberg) — Greece will tax merchant ships managed by companies based in the country and sailing under foreign flags for the first time ever as

AMSTERDAM–Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) Thursday confirmed its earnings outlook for 2012 at an extraordinary meeting of

Banks will exert more control over the shipping industry this year as vessel values continue to decline, according to accounting firm Moore Stephens LLP.

Michelle Wiese Bockmann The Baltic Exchange, the London- based bourse whose data are used to set freight rates for about 75 percent of seaborne trade, said

(Bloomberg) — Carlyle Group LP and Tiger Group Investments’ ship fund is in talks about financing new vessels with five container lines as higher

At the Marine Money Conference in New York City two weeks ago, Dr. David Zervos, Managing Director and Chief Market Strategist at Jefferies & Company gave

(Bloomberg) — Norddeutsche Landesbank Girozentrale, the world’s fifth-largest shipping lender, returned to profit in the third quarter after higher

International Shipholding Corporation (NYSE: ISH) announced last week that in light of current market conditions, it has decided not to proceed with its

Greece-based Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes, revealed plans Wednesday to delay

(Bloomberg) — Shipping rates for hauling iron ore, which fell today after more than doubling this month, may extend declines as competition intensifies

(Bloomberg) — Daiichi Chuo Kisen Kaisha said it may cancel ship orders, pare its fleet and sell new stock after getting emergency financing from

(Bloomberg) — Korea Finance Corp. has bid for its first plane-financing deal and started offering loans to shipbuilders as local companies look for new

(Bloomberg) — Argentina received a reminder this week that the consequences of reneging on its creditors extend far beyond the bond market. A court in

(Bloomberg) — Billionaire Wilbur Ross won a judge’s approval to buy shares in a shipping company held by Lehman Brothers Inc., a spokesman for the

FAL Oil Co., a United Arab Emirates-based energy trader that’s under U.S. financial restrictions for links to Iran, faces the forced sale of a fuel