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finance


Thursday, September 13, 2012
wilbur ross wl ross
Finance

Private Equity Investors View the Depressed Shipping Market with Serious Interest

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

September 13, 2012
Total Views: 7

Thursday, August 30, 2012
shutterstock money vortex black hole decline finance
Finance

China COSCO CEO Cheerless After Posting First-Half Net Loss of $766.9 Million

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

August 30, 2012
Total Views: 32

Wednesday, August 29, 2012
Germany’s P+S Werften Files for Insolvency
Engineering News

Germany’s P+S Werften Files for Insolvency

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,

August 29, 2012
Total Views: 53

Friday, August 10, 2012
Navigator aries
News

Lehman to Sell Stake in Gas Carrier Business for $110 Million

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

August 10, 2012
Total Views: 8

Thursday, August 9, 2012
Sign of the Times, World’s Oldest Shipping Company Goes out of Business
Interesting

Sign of the Times, World’s Oldest Shipping Company Goes out of Business

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

August 9, 2012
Total Views: 362

Saturday, August 4, 2012
hsbc
Finance

World’s 2nd Largest Bank Sells Shipping Arm

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

August 4, 2012
Total Views: 10

Monday, July 23, 2012
scorpio tankers
Finance

Scorpio Tankers Accepts Deliver of the STI Amber, Funding for Newbuild Program Extended

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

July 23, 2012
Total Views: 3

Friday, July 20, 2012
South Korean Shipbuilders Tapping Bond Market to Raise Cash
Engineering News

South Korean Shipbuilders Tapping Bond Market to Raise Cash

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

July 20, 2012
Total Views: 6

Tuesday, July 17, 2012
maersk sealand

Costamare Mulling Ship Purchases as Competitors Struggle

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

July 17, 2012
Total Views: 7

Thursday, July 12, 2012
Batista Loses $15 Billion as Brazil Awakes From Dream
Offshore

Batista Loses $15 Billion as Brazil Awakes From Dream

(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

July 12, 2012
Total Views: 10

Wednesday, July 4, 2012
universal maritime inc
Finance

Universal Maritime Withdraws IPO

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

July 4, 2012
Total Views: 8

Wednesday, June 27, 2012
Spining Top
Blog

Shipping’s big idea: Uncertainty

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

June 27, 2012
Total Views: 4

tankers trading spot chartering clarksons
Blog

Shipping is Akin to 3D Poker

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

June 27, 2012
Total Views: 13

Sunday, June 24, 2012
oao sovcomflot tanker
Finance

American Banks Sign Financing Deal with Sovcomflot, Russia’s Biggest Shipowner

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

June 24, 2012
Total Views: 11

Thursday, June 21, 2012
qatar national bank milaha ship financing
Finance

Qatar Shipping Secures $110 Million in Financing for 19 Vessels

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.

June 21, 2012
Total Views: 19

Wednesday, June 20, 2012
Eagle Bulk Shipping Reaches Debt Deal
Uncategorized

Eagle Bulk Shipping Reaches Debt Deal

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

June 20, 2012
Total Views: 8

Monday, June 18, 2012
Navios Maritime Partners Purchases Capesize Bulker for $67 Million

Navios Maritime Partners Purchases Capesize Bulker for $67 Million

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

June 18, 2012
Total Views: 5

Friday, June 8, 2012
Ship Financing, or Lack Thereof, Under Posidonia Spotlight
Uncategorized

Ship Financing, or Lack Thereof, Under Posidonia Spotlight

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

June 8, 2012
Total Views: 2

Friday, June 1, 2012
Financial Crisis Hits B+H Ocean Carriers, Tanker Owner Files for Ch. 11 Protection
Finance

Financial Crisis Hits B+H Ocean Carriers, Tanker Owner Files for Ch. 11 Protection

(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

June 1, 2012
Total Views: 50

Tuesday, May 8, 2012
Jinhui Shipping & Transportation Ltd. (JIN.OS)
Finance

Jinhui Shipping Winces Under Low Freight Rates and Demand, Shares Down Over 10%

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

May 8, 2012
Total Views: 6
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