Finance & Economy

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

Finance & Economy

Fincantieri

April 3, 2020

The Board of Directors of Fincantieri, chaired by Giampiero Massolo, has approved the Consolidated financial statements at December 31, 2019, the draft financial statements of...
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china_flag

April 2, 2020

China’s PMI rose to 52 in March, indicating that while manufacturing grew compared to February, it remains far below January levels. (more…)
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Seanergy

April 1, 2020

Seanergy Maritime Holdings announced the pricing of an underwritten public offering of 35,290,000 units at a price of $0.17 per unit. (more…)
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GMS

April 1, 2020

Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will...
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Euronav

April 1, 2020

Euronav reported its final financial results for the full year to 31 December 2019. (more…)
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OSG

March 31, 2020

Overseas Shipholding Group announced that it has closed on a $33,150,000 loan led by Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc....
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performance-shipping

March 30, 2020

Performance Shipping, a global shipping company specializing in the ownership of vessels, announced that it has redeemed all of its issued and outstanding Series C...
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maersk tankers

March 30, 2020

Maersk Product Tankers reported improved financial results in 2019, with an increase in revenue to USD 727.7 million (USD 647 million) and a profit before...
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FILE PHOTO: A Cosco Shipping vessel is moored at PSA's Pasir Panjang container terminal in Singapore September 19, 2018.  REUTERS/Edgar Su/File Photo

March 30, 2020

Cosco Shipping Ports Limited, the world’s leading ports operator, announced full year results of the Company and its subsidiaries for the year ended 31 December...
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Vincent_Clerc

March 27, 2020

The number of Maersk employees working remotely has increased as efforts to fight the coronavirus pandemic continue. (more…)
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containers

March 27, 2020

The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the...
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Odjfell terminals US

March 26, 2020

Odfjell Terminals US has agreed a new five-year, USD 250 million revolving credit facility. (more…)
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Equinor

March 26, 2020

Norwegian oil firm Equinor plans to cut investments, exploration drilling and operating costs by around $3 billion to help weather the coronavirus crisis and low...
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Tsakos-Energy-Navigation

March 26, 2020

TEN reported results (unaudited) for the fourth quarter and the year ended December 31, 2019. (more…)
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Palios

March 25, 2020

Simeon Palios, the chairman and CEO of both Diana Shipping and Performance Shipping, has tested positive for coronavirus. (more…)
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