Finance & Economy

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

Finance & Economy

January 7, 2021

Avance Gas Appoints Kristian Sørensen as new CEO

The Board of Avance Gas announced the appointment of Kristian Sørensen as the new Chief Executive Officer of Avance Gas AS. Sørensen currently holds the...

January 5, 2021

Navios Partners & Navios Containers Announce Definitive Merger Agreement

Navios Partners and Navios Containers announced that they entered into a definitive merger agreement under which Navios Partners will acquire all of the publicly held...

January 4, 2021

ZIM files for a $100 million US IPO

ZIM Integrated Shipping Services, an Israeli container shipping company with over 320K TEU capacity, filed on Wednesday with the SEC to raise up to $100...

December 30, 2020

EU Governments Approve Post-Brexit Trade Agreement With UK

European Union governments formally approved the bloc’s post-Brexit trade accord with the U.K., paving the way for an agreement to come into force on Jan....

December 30, 2020

Navigator Holdings: Closing of Sale of 39.1% Equity Interest to BW Group

Navigator Holdings announced that the previously announced sale by funds managed by WL Ross & Co. LLC of their approximate 39.1% equity interest in Navigator...

December 24, 2020

Grindrod Announces New Financing, Delivery of IVS Atsugi

Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services in the drybulk and product tanker sectors, announced the following transactions. (more…)

(FILES) In this file photograph taken on January 29, 2020, British members of the European Parliament from the Group of the Progressive Alliance of Socialists and Democrats pose for a group picture wearing scarves depicting the European Union and the Union Jack flags at The Europa Building in Brussels. - EU chief Ursula von der Leyen declared October 1, 2020, that Brussels is taking legal action over the British government's attempt to overturn parts of the Brexit withdrawal agreement. (Photo by JOHN THYS / AFP)

December 21, 2020

Britain, EU tell each other to give way in ‘difficult’ trade talks

Britain insisted on Sunday that the European Union should budge to open the way to a new, post-Brexit trade pact, drawing a swift response from...

December 18, 2020

Rio Tinto names Stausholm as CEO

Rio Tinto named Chief Financial Officer Jakob Stausholm as its next chief executive, defying expectations it would pick an external candidate to repair its image...

December 18, 2020

Eagle Bulk: Common Stock Offering & Concurrent Registered Direct Offering

Eagle Bulk, one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, announced that it has commenced an underwritten public offering of...

December 18, 2020

Britain, EU strike pessimistic tone in post-Brexit trade talks

Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was...

December 18, 2020

BOURBON Maritime comes out of reorganization proceedings

BOURBON Maritime's recovery plan and the conciliation protocol signed with all concerned creditors of the group were validated on December 14, 2020 by the Commercial...

December 16, 2020

Diana Shipping Commences Self Tender Offer to Purchase up to 6,000,000 Shares

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced the commencement of a tender offer to purchase up to...

December 16, 2020

WL Ross: Agreement to Sell 39.1% Equity Interest in Navigator Holdings to BW Group

WL Ross announced that it has agreed to sell, on behalf of funds managed by WL Ross, their approximately 39.1% equity interest in Navigator Holdings...

December 16, 2020

Ship finance lenders fall short of sector’s carbon targets in 2019

Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the...