Finance & Economy

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

Finance & Economy

bahri

December 15, 2017

To steer the next phase of its growth, Bahri, a global leader in transportation and logistics, has appointed Abdullah Aldubaikhi as the company’s new Chief...
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bitcoin

December 15, 2017

Blockchain is upending the world’s financial markets with the rise of bitcoin, and now the digital-ledger system is poised to do the same next year...
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Nordic American Tankers (NAT)

December 13, 2017

Nordic American Tankers announced an underwritten public offering of $100 million of its common shares pursuant to the Company’s effective shelf registration statement. (more…)
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seadrill

December 13, 2017

An unofficial committee of Seadrill’s unsecured bondholders has submitted a binding alternative proposal for the company’s restructuring, two sources familiar with the proposal told Reuters...
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dvb-bank

December 13, 2017

German cooperative lender DZ Bank is moving ahead with plans to sell its DVB transport finance arm, after being hit by large provisions for bad...
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eagle_bulk

December 12, 2017

Eagle Bulk  announced that the Company, through its wholly-owned subsidiaries, Eagle Bulk Shipco LLC (“Eagle Shipco”) and Eagle Shipping has entered into a series of...
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Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.  REUTERS/Denis Balibouse

December 11, 2017

Global commodities trader Trafigura reported record-high volumes of traded oil and metals to beat low volatility in a competitive and low-margin environment, the company said...
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FSL _trust

December 11, 2017

FSL Trust Management Pte. Ltd. ("FSLTM"), as trustee-manager of First Ship Lease Trust ("FSL Trust" or "the Trust"), announces that the Trust has sold containership,...
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Teekay-LNG

December 11, 2017

Teekay LNG announced the completion of an $816 million(1) long-term debt facility to finance all six of the Partnership’s 50-percent owned ARC7 LNG carrier newbuildings,...
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Vale

December 11, 2017

Brazilian miner Vale will likely reduce its $21 billion debt load to $10 billion by 2019, and will dedicate cash flow from then on to...
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Globus

December 8, 2017

Globus, a dry bulk shipping company, today reported its unaudited consolidated operating and financial results for the quarter and nine month period ended September 30,...
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Pyxis

December 7, 2017

Pyxis Tankers, an emerging growth pure play product tanker company, announced that it has entered into a definitive securities purchase agreement with a group of...
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crowley

December 7, 2017

Crowley Maritime Corp. has restructured its business units thus increasing the company’s ability to bring solutions to customers by leveraging its strong culture and high-performance...
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Stournaras

December 7, 2017

Bank of Greece Governor, Yannis Stournaras, and Greek shipping executives this week pointed to a reversal of previous years' trend in terms of remittances and...
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Vitol

December 7, 2017

Vitol Netherlands B.V., a majority shareholder in Latvian Shipping Company (LSC), has proposed to delist and sell 200 million bearer shares of the shipping company,...
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