Finance & Economy

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

Finance & Economy

Piraeus

September 21, 2018

Greece’s current account balance showed a slightly larger surplus in July compared to the same month a year earlier on the back of a wider...
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Seaspan

September 20, 2018

Seaspan announced the closing of its previously announced public offering of 6,000,000 Series I Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares for gross proceeds of...
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BW-LPG-vlgc-bw-Princess-BIG

September 20, 2018

BW Group’s first LR2 tankers will be delivered from the first quarter of next year even as the sector is facing challenges due to poor...
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Diana

September 19, 2018

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced the pricing of a US$100 million private placement of senior...
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Greece flag ship

September 19, 2018

Three Greek banks – Piraeus, National and Alpha – are among the world’s top 40 lenders in financing oceangoing shipping, as the Greek credit sector...
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ScorpioTankers

September 19, 2018

Scorpio Tankers announced that the Company and its commercial manager, Scorpio Commercial Management S.A.M. (“SCM”), a related party affiliate, have agreed that SCM will reimburse...
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trump

September 18, 2018

U.S. President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports, but...
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Navios Cont

September 17, 2018

Navios Maritime Containers LP, an MLP formed by Navios Maritime Holdings to own contracted containerships, postponed its IPO last week. (more…)
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Hoegh LNG

September 17, 2018

Höegh LNG Partners LP announced that on September 14, 2018, Richard Tyrrell resigned as the Partnership's Chief Executive Officer and Chief Financial Officer in order...
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GoodBulk

September 14, 2018

GoodBulk delivered a strong profit for the period ended June 30, 2018. The company’s net profit for the second quarter of 2018 came in at...
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seaspan

September 13, 2018

Seaspan announced that it has priced $150 million of its previously announced public offering of Series I Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares at...
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euaggelos_pistolis_top_ships_

September 12, 2018

TOP Ships has received credit committee approval from a major Chinese leasing company for up to USD 92.5 million via sale and leaseback agreements for...
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Scorpio-Bulkers

September 11, 2018

Scorpio Bulkers announced that the Company has received a commitment from a leading European financial institution for a loan facility of up to $34.0 million....
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china_us

September 11, 2018

China’s chances of escaping the trade conflict with the U.S. with only minor damage to its economy just got slimmer. (more…)
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Tsakos-Energy-Navigation

September 10, 2018

TEN reported results (unaudited) for the quarter and half-year ended June 30, 2018. (more…)
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