Finance & Economy

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

Finance & Economy

Seaspan

January 17, 2019

Seaspan announced that it has prepaid a credit facility which was secured by eight of its vessels. (more…)
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Aegean

January 17, 2019

Aegean Marine Petroleum Network announced that the U.S. Bankruptcy Court for the Southern District of New York has approved its revised final motion related to...
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Sembcorp-Marine

January 16, 2019

Sembcorp Marine announced that its subsidiaries Sembcorp Marine Repairs and Upgrades Pte. Ltd. (“SMRU”) and Semb-Eco Pte Ltd (“Semb-Eco”) have, on 15 January 2019, entered into a...
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ScorpioTankers

January 16, 2019

Scorpio Tankers announced that its board of directors has determined to effect a one-for-ten reverse stock split of the Company's common shares, par value $0.01...
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May

January 16, 2019

British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly...
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SCF

January 16, 2019

Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO). (more…)
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Pappas

January 15, 2019

Star Bulk, a global shipping company focusing on the transportation of dry bulk cargoes announced  (more…)
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Diana-Containerships

January 15, 2019

Diana Containerships, a global shipping company specializing in the ownership of containerships, announced that it has received written notification from Nasdaq dated January 10, 2019,...
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Golden-Ocean

January 15, 2019

Golden Ocean announced that the Company has, on January 14, 2019 purchased 50,000 of the Company’s own common stocks. (more…)
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Sinotrans

January 11, 2019

Sinotrans Shipping announced that the company’s privatisation scheme has been approved by the High Court of Hong Kong. (more…)
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DSME shipyard

January 10, 2019

Daewoo Shipbuilding & Marine Engineering Co., one of the country’s top three shipyards, is expected to report solid earnings for the second straight year, while...
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Euronav-TI-Hellas

January 10, 2019

Euronav announced it has purchased 430,000 of its own shares on Euronext Brussels between 2 January 2019 and 9 January 2019 for an aggregate cost...
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clarksons_shipping_flag

January 8, 2019

Clarkson PLC shares rose on Tuesday following a trading update from the shipbroker. (more…)
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Navios_Frangou

January 8, 2019

Navios Partners announced that its Board of Directors has authorized a unit repurchase program for up to $50.0 million of the Company’s common units over...
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DHT

January 7, 2019

DHT Holdings, Inc. announces that its Co-CEOs have relocated to Singapore. The relocation follows changes in the tax law in Norway from 2019 for tax...
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