Finance & Economy

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

Finance & Economy

mcdermott

January 23, 2020

U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter 11, as it looks to cut...
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yard

January 22, 2020

Croatian DIV Group has agreed with Norwegian expedition cruise operator Hurtigruten to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels. (more…)
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safe_ship

January 17, 2020

Safe Bulkers, an international provider of marine drybulk transportation services, announced that the Company has entered into sale and leaseback agreements with respect to eight...
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Korea Shipyard Samsung

January 17, 2020

Samsung Heavy Industries Co., a major shipbuilder in South Korea, is likely to receive US$318 million in compensation over a drill ship order cancellation, industry...
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Sea-Vista

January 10, 2020

SEA-Vista, an indirect wholly-owned subsidiary of SEACOR, announced that it entered into an amended and restated $200 million credit agreement, which refinanced its existing credit...
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Awilco-LNG

January 8, 2020

Awilco LNG announced the successful closing and completion of the 10-year sale/leaseback facility with CCB Financial Leasing Co. Ltd. (CCBFL) for the WilForce and the...
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POSH

January 3, 2020

PACC Offshore Services Holdings (POSH) has requested the suspension of trading in its shares with effect from 9am on Friday. (more…)
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GoodBulk

January 3, 2020

GoodBulk, an international drybulk shipping company with a fleet of 27 vessels, officially withdrew its plans for a US initial public offering. (more…)
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NORD LB

December 30, 2019

The new and existing owners of NORD/LB have taken the last step necessary for the realignment of NORD/LB, and implemented the measures to strengthen the...
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Diamond-S

December 30, 2019

Diamond S Shipping announced that it has closed on a five-year $525 million credit facility, composed of a $375 million term loan and a $150...
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euaggelos_pistolis_top_ships_

December 24, 2019

TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products...
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carnival

December 23, 2019

Cruise operator Carnival Corp forecast 2020 profit largely above Wall Street expectations on Friday and posted better-than-expected fourth-quarter profit and revenue, helped by higher on-board...
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marinakis

December 19, 2019

Capital Product Partners announced that it agreed to acquire three 10,000 TEU sister container vessels, namely the M/V Athos, the M/V Aristomenis and the M/V...
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Maersk safety day

December 18, 2019

A.P. Moller – Maersk takes the next steps towards a more integrated company and changes the structure of its Executive Board by appointing Vincent Clerc...
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containers

December 17, 2019

U.S. President Donald Trump’s top trade negotiator praised a “phase one” U.S.-China trade deal which is expected to nearly double U.S. exports to China over...
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