Finance & Economy

This page features all the latest news from shipping finance, major banks, finance markets and the world economy.

Finance & Economy

Euronav

July 10, 2020

Euronav announced it has purchased on the NYSE and on Euronext Brussels a total of 3,379,108 of its own shares for an aggregate price of...
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offshore

July 10, 2020

A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge...
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ocean-tankers

July 10, 2020

EY, the court-appointed supervisor for Ocean Tankers Pte Ltd (OTPL), has proposed two restructuring options to the shipping company’s owners and could meet with them...
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Diana-Shipping-Panamax

July 8, 2020

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that it has repurchased an aggregate amount equal to US$8.0...
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Ardmore

July 7, 2020

Ardmore confirmed that on June 19, 2020 it received an unsolicited acquisition proposal from Hafnia to acquire all of the outstanding shares of Ardmore in...
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Suez_Canal

July 6, 2020

Egypt’s Suez Canal revenues fell to $5.72 billion in the 2019/20 financial year from $5.75 billion in the year prior, the canal authority said on...
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Stolt-Nielsen

July 3, 2020

Stolt-Nielsen reported unaudited results for the second quarter ended May 31, 2020. (more…)
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Seanergy

July 2, 2020

Seanergy Maritime Holdings Corp. announced that the Company received approval, in the form of a commitment letter, from one of its existing lenders to refinance...
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Diana Shipping

July 1, 2020

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that on June 29, 2020, it signed, through two wholly-owned...
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cyprus ship-and-flag

June 29, 2020

Cyprus banks have remained steady, building a regular niche clientele, in shipping finance as the overall market experiences a sharp contraction, according to Nigel Lowry,...
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seanergy-maritime

June 26, 2020

Seanergy Maritime Holdings Corp., announced its financial results for the first quarter ended March 31, 2020. (more…)
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Navios-NYSE

June 25, 2020

Navios Logistics announced that the company and Navios Logistics Finance (US) Inc., its wholly owned finance subsidiary, priced $500 million of 10.750% Senior Secured Notes...
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GoodBulk

June 25, 2020

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, announced that it has come to an agreement with its banks to refinance its...
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Globus_Maritime

June 24, 2020

Globus Maritime Limited announced today the closing of an underwritten public offering of 34,285,714 units at a price of $0.35 per unit. (more…)
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costamare

June 24, 2020

Costamare announced the execution of two new loan agreements for an aggregate amount of $140 million, which brings the refinancing program initiated at the beginning...
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