Finance & Economy

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

Finance & Economy

Pyxis

March 22, 2019

Pyxis Tankers Inc. an emerging growth pure play product tanker company, announced unaudited results for the three months and year ended December 31, 2018. (more…)
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damico

March 22, 2019

The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tankers market, resolved to approve the...
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BW

March 20, 2019

BW Group has purchased 38,548,329 shares in Epic Gas from key shareholders of Epic Gas representing 54.7% of the issued shares, and launches its unconditional...
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Seanergy

March 20, 2019

Seanergy Maritime Holdings Corp., a Capesize dry bulk shipping company, announced its financial results for the fourth quarter and twelve months ended December 31, 2018....
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Navios-NYSE

March 19, 2019

Navios Maritime Holdings Inc. today announced (i) amendments to the Company’s previously announced exchange offer for cash and/or Notes (defined below) for American Depositary Shares,...
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commerzbank

March 18, 2019

Deutsche Bank and Commerzbank have begun talks about a possible merger that would be one of Europe’s largest financial sector tie-ups. (more…)
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Globus

March 18, 2019

Globus Maritime reported its unaudited consolidated operating and financial results for the quarter and year ended December 31, 2018. (more…)
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Ships are under construction at the Daewoo Shipbuilding & Marine Engineering Co. (DSME) shipyard in Geoje, South Korea, on Wednesday, April 22, 2009. Daewoo Shipbuilding & Marine Engineering Co. is the world's third-largest shipyard. Photographer: Seokyong Lee/Bloomberg News

March 15, 2019

Daewoo Shipbuilding & Marine Engineering Co. (DSME), one of S. Korea's top three shipyards, said Thursday that its net profit halved in 2018 from a...
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DP World

March 15, 2019

Global trade enabler DP World announced strong financial results for the year ended 31 December 2018. (more…)
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brexit_

March 14, 2019

Cyprus intensifies preparations in view of a possible hard Brexit, Foreign Ministry spokesperson Demetris Samuel said Wednesday. (more…)
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TOP_Ships

March 13, 2019

TOP Ships Inc. (Nasdaq:TOPS), an international ship-owning company, announced that it has received written notification from The Nasdaq Stock Market ("Nasdaq") dated March 11, 2019,...
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International Seaways

March 13, 2019

International Seaways returned to the back in the fourth quarter of 2018, reporting a net income of USD 7 million for the period. (more…)
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FSL_Torm

March 13, 2019

“TORM’s commercial performance over the past year has continuously been among the best within its peer group. The product tanker market has rebounded significantly since...
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clarkson

March 12, 2019

Clarkson PLC (Clarksons) is the world’s leading provider of integrated shipping services. From offices in 23 countries on six continents, we play a vital intermediary...
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grindrod

March 7, 2019

Grindrod released its final results for the year ended 31 December 2018. Renewed focus on Freight Services, following Shipping’s spin-off in June 2018, has yielded...
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