Finance & Economy

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

Finance & Economy

ZIM-containership

November 16, 2018

The container shipping industry is dynamic and volatile and has been marked in recent years by instability, as a result of continued deterioration of market...
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TORM

November 16, 2018

“The product tanker market reached historically low levels in the third quarter impacted by a decrease in demand growth and shorter sailing distances. I am...
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SafeBulkers

November 16, 2018

Safe Bulkers, an international provider of marine drybulk transportation services, announced that the Company has accepted an offer letter to refinance a loan facility of...
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danaos

November 16, 2018

Danaos Corp. presented improved Q3 2018 results on Thursday, amid a still "soft" container shipping market. Moreover, a recent restructuring of its loan portfolio also...
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The Maersk ship Adrian Maersk is seen as it departs from New York Harbor in New York City, U.S., June 27, 2017. REUTERS/Brendan McDermid

November 16, 2018

Shareholders in the world’s biggest container-shipping company may get up to $8 billion in payouts next year, according to Goldman Sachs. (more…)
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DSME

November 16, 2018

Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder by orders, swung to a net loss in the third quarter from a year earlier...
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seanergy-maritime

November 15, 2018

Seanergy Maritime Holdings Corp. announced that it has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International...
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Pyxis

November 15, 2018

Pyxis Tankers, an emerging growth pure play product tanker company, announced unaudited results for the three and nine months ended September 30, 2018. (more…)
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Sovcomflot

November 15, 2018

Sovcomflot (SCF Group) announced that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three...
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NORD LB

November 15, 2018

Buyout group Cerberus is in exclusive talks with NordLB to take on 2.5 billion euros ($2.8 billion) of non-performing shipping loans that the German public...
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lng

November 14, 2018

Reference is made to the stock exchange release on 1 October 2018 where Stolt-Nielsen Limited, Golar LNG Limited and Höegh LNG Holdings Limited announced a...
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Globus

November 14, 2018

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

November 14, 2018

Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, reported its financial results for the third quarter and nine months ended...
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GoodBulk

November 13, 2018

GoodBulk, a leading owner and operator of dry bulk vessels, announced its financial results for the third quarter of 2018. (more…)
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Navios-NYSE

November 12, 2018

Navios Acquisition, an owner and operator of tanker vessels, announced that the previously disclosed one-for-fifteen reverse split of its common stock was approved by Company’s...
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