Finance & Economy

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

Finance & Economy

HMM_ceo

October 16, 2017

Hyundai Merchant Marine announced that it will sell 120 million shares to raise a total of KRW693.6 billion (USD614 million) in two issues of KRW400...
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CMA-CGM-Kerguelen

October 16, 2017

The corporate family rating of French shipping major CMA CGM has been affirmed at B1, the probability of default rating at B1-PD and the rating...
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hshnordbank

October 16, 2017

HSH Nordbank expects to receive offers for the German shipping finance provider as a whole and not just for parts of the business, Chief Executive...
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subsea7

October 12, 2017

Shares in oilfield services firm Subsea 7 rose on Wednesday on an unconfirmed report it had been in talks with Baker Hughes about a possible...
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CMA CGM

October 12, 2017

At the Salon des Entrepreneurs (trade fair) in Marseilles, Rodolphe Saadé, CEO of the CMA CGM Group, announced the Group’s intention to create its own...
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BW_Gas

October 11, 2017

International law firm Watson Farley & Williams (“WFW”) advised Credit Agricole Corporate and Investment Bank (“CA-CIB”) and KfW- IPEX Bank GmbH (“KfW”) as Mandated Lead...
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freeseas

October 11, 2017

FreeSeas, a transporter of dry-bulk cargoes through the ownership and operation of two Handysize vessels, announced that Mr. Dimitris Filippas has been appointed as Chief...
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Stolt-Nielsen

October 10, 2017

Stolt-Nielsen Limited reported USD 49.2 million-worth net profit for the first nine months of 2017, lower from USD 90.3 million posted in the corresponding period...
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Teekay-Offshore

October 6, 2017

Teekay Offshore Partners announces that it has exercised its call option for the remaining outstanding balances under each of its NOK 420 million Senior Unsecured...
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capital product partners

October 6, 2017

Capital Product Partners announced the appointment of Mr. Keith Forman as non-executive Chairman of the Board of the Partnership. (more…)
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GulfMark

October 6, 2017

GulfMark Offshore announced that it has commenced a chapter 11 case in the United States Bankruptcy Court for the District of Delaware. (more…)
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DryShips

October 5, 2017

DryShips, a diversified owner of ocean going cargo vessels, announced the final results of its previously announced rights offering of shares of the Company's common...
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Globus-Maritime

October 5, 2017

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the six month period ended June 30, 2017....
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Norway-shipping

October 5, 2017

Companies raised 45 billion Norwegian crowns ($5.63 billion) via high-yield bonds in Norway from January to September, more than twice the full-year 2016 level, data...
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SafeBulkers

October 4, 2017

Safe Bulkers, an international provider of marine drybulk transportation services, announced that the Company has refinanced US$74.9 million loans outstanding, with a new loan facility...
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