Finance & Economy

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

Finance & Economy

mv Sideris_Diana

May 24, 2017

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, reported a net loss of $26.5 million and net loss attributed...
Read More
Sovcomflot-VLCC

May 24, 2017

Sovcomflot posted a drop in net profit of over 60 percent during the first quarter of 2017. (more…)
Read More
Scorpio-Tankers_tanker_oil

May 24, 2017

Scorpio Tankers Inc. announced that it has entered into definitive agreements to merge with Navig8 Product Tankers Inc. and acquire Navig8’s 27 operating product tankers....
Read More
Aegean

May 24, 2017

Aegean Marine Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company") announced financial and operating results for the first quarter ended March 31, 2017. (more…)
Read More
noble group

May 23, 2017

Noble Group Ltd.’s crisis deepened on Tuesday after S&P Global Ratings flagged the risk that the embattled commodity trader may default on its debt, triggering...
Read More
Navios Acquisition

May 23, 2017

Navios Maritime Partners L.P., an international owner and operator of container and dry bulk vessels, reported its financial results for the first quarter ended March...
Read More
Jinhui

May 23, 2017

The Board of Jinhui Shipping and Transportation Limited announced unaudited condensed consolidated results of the Company and its subsidiaries for the quarter ended 31 March...
Read More
Pyxis

May 22, 2017

Pyxis Tankers has reached a preliminary agreement with one its lenders to extend the maturity of the loans related to two of the company’s vessels....
Read More
Vallianz

May 22, 2017

Vallianz Holdings suffered a net loss of US$173.2 million for the three months ended March from a profit of US$4.9 million a year ago due...
Read More
Clarksons

May 22, 2017

“Look after the pennies and the pounds look after themselves” goes the saying, a mantra the shipping industry has a long taken to heart. (more…)
Read More
Piraeus Port

May 22, 2017

The Cosco-managed Piraeus Port Authority (OLP) is ready to declare an international tender for an 80K-ton floating dock to dramatically boost its ship repair presence...
Read More
brexit

May 22, 2017

Economists have warned that trade is likely to come to a halt if the UK fails to negotiate a deal in leaving the European Union....
Read More
CMA CGM NOL

May 22, 2017

Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current...
Read More
Gulf Navigation

May 22, 2017

Gulf Navigation Holding PJSC reported a 39 % growth in net profit at the end of the first quarter of 2017 compared to the same...
Read More
Procopiou _ Dynagas

May 22, 2017

Dynagas LNG Partners said its unit, Arctic LNG Carriers, secured a $480 million loan. (more…)
Read More