finance

Wilbur Ross, whose company manages about $10 billion of assets, said private-equity investors are increasingly interested in shipping after a four-year rout

HONG KONG–The head of shipping giant China Cosco Holdings Co. (601919.SH) on Thursday cast a downbeat light on the shipping industry, saying the current

German shipbuilder P+S Werften GmbH on Wednesday said it has filed for insolvency with the local court of Stralsund, Germany, after talks with creditors,

The trustee unwinding Lehman Brothers Holdings‘ brokerage business has agreed to sell the company’s stake in a gas-shipping business to Wilbur

(Bloomberg) — The world’s oldest shipping company sold its last vessel and is going out of business, according to the liquidator. Stephenson Clarke

HSBC Bank, the world’s 2nd largest  banking and financial services group, issued a statement late in the week that it had reached a deal to sell HSBC

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has signed an agreement with its lenders to extend the availability period of its $115

(Bloomberg) — Sales of won-denominated bonds more than tripled this week as South Korean shipbuilders took advantage of record-low yields to raise funds

(Bloomberg) — Costamare Inc., the Greek owner of 46 chartered container ships, is looking to acquire more vessels as asset values in the shipping

(Bloomberg) — When Eike Batista pitched investors on $6 billion in stock offerings over the past six years, he was selling more than his personal empire

Shipping company Universal Maritime Inc. said Wednesday it has withdrawn its initial public offering. MAIN FACTS: The company last month announced plans to

Nothing defines shipping’s core competence better than “risk”. It’s shipping’s gift to the rest of the business world. By Ryan

Dr. Martin Stopford of Clarkson Research Services, economist and author of the renowned textbook Maritime Economics, compares shipping to a game of 3D poker.

SAINT PETERSBURG – OAO Sovcomflot (SCF Group) announced on Friday that Citigroup and Bank of America Merrill Lynch signed a USD $140 million, 7 year

Qatar Shipping SPC, a wholly owned subsidiary of Milaha (Qatar Navigation QSC), has secured a ten year US $110 million ship financing facility with QNB.

Eagle Bulk Shipping Inc. (Nasdaq:EGLE) said today that it has reached an agreement with its lenders that will allow the U.S.-based bulk vessel owner to

Navios Maritime Partners (NYSE: NMM), an owner and operator of dry cargo vessels, said today that it has purchased the Navios Buena Ventura, a 2010

A few days after Aggelikousis Group’s US$1.25 billion credit facility with six banks for the financing of nine LNG carriers was made public, delegates of

(Dow Jones) Tanker owner and operator B+H Ocean Carriers Ltd. (BHODD) filed for Chapter 11 bankruptcy Wednesday to restructure its balance sheet as it tries

Norway-listed Jinhui Shipping & Transportation Ltd. (JIN.OS), a ship owner, charter and investment company, Tuesday warned that it expects to record a