Finance & Economy

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

Finance & Economy

maersk-line

September 17, 2020

Maersk will cut jobs in a major shake-up that will affect a third of the shipping giant’s staff as it seeks to integrate its seaborne...
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Sovcomflot-VLCC

September 16, 2020

Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday,...
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carnival-cruise-line

September 16, 2020

Carnival Corp said on Tuesday it expects to post a loss of $2.9 billion in the third quarter, hurt by the suspension of cruises due...
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EXMAR-Excelerate-FSRU

September 15, 2020

The board of directors of EXMAR has approved the accounts for the period ending 30 June 2020. (more…)
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Eagle-Bulk

September 15, 2020

Eagle Bulk, one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, announced that it has resolved to effect a reverse stock...
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Fredriksen_J

September 15, 2020

Seadrill has agreed to acquire Thailand’s Mermaid Maritime to take full control of Asia Offshore Drilling. (more…)
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ScorpioTankers

September 9, 2020

Scorpio Tankers announced an update on the repurchase of the Company’s securities and a new $250 Million Securities Repurchase Program. (more…)
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princerupertport

September 7, 2020

DP World, a global infrastructure-led supply chain solutions provider, and Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announce the expansion...
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Dynagas LNG Partners

September 7, 2020

Dynagas Partners, an owner and operator of liquefied natural gas (“LNG”) carriers, announced its results for the three and six months ended June 30, 2020....
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CMA_CGM_marine-biofuel-demonstration

September 7, 2020

Container shipping group CMA CGM reported higher second-quarter profits and said it expects results to improve again in the current quarter as the shipping sector...
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moodys

September 4, 2020

Moody’s has completed a periodic review of the ratings of Navios Maritime Partners L.P. and other ratings that are associated with the same analytical unit....
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dvb-bank

September 1, 2020

DVB Bank Group presented half-yearly results for 2020. (more…)
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Genting HK

September 1, 2020

Cruise ship operator Genting Hong Kong has received indicative letters from private investors interested in investing in one of its cruise brands, the company said...
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NORD LB

August 31, 2020

In the first half of 2020, NORD/LB achieved earnings before taxes of 6 million euros. Consolidated net income after taxes was 4 million euros. After...
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john-fredriksen

August 31, 2020

Norwegian-born billionaire John Fredriksen appointed a hedge fund manager as next head of his family’s key holding company, which controls assets ranging from oil tankers...
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