Finance & Economy

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

Finance & Economy

Diana Shipping

February 5, 2020

Diana Shipping announced the preliminary results of its tender offer to purchase up to 3,030,303 shares of its common stock, par value of US$0.01 per...
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Hoegh-LNG-Partners

February 4, 2020

Höegh LNG cancelled the company's total holding (USD 34,600,000) of the bond Höegh LNG Holdings Ltd. 15/20 FRN USD C with ISIN NO0010739683. (more…)
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Performance Shipping

February 4, 2020

Performance Shipping announced that, since January 29, 2020, it has repurchased an aggregate of 127,543 common shares under its previously announced share buyback program at...
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ONE

February 3, 2020

Ocean Network Express (ONE) reported USD 5 million profit for the 3rd quarter of its 2019 fiscal year. (more…)
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kim-ullman-concordia

January 31, 2020

Concordia Maritime announced the following financial results for the 1 January–31 December 2019 period: (more…)
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credit_suisse

January 31, 2020

Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to...
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Stolt-Nielsen

January 31, 2020

Stolt-Nielsen reported unaudited results for the fourth quarter ended November 30, 2019. (more…)
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Bahri

January 31, 2020

Bahri reported strong financial results for the quarter and the full year ended December 31, 2019, underpinned by an increase in returns of several business...
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Euronav

January 31, 2020

Euronav reported its non-audited financial results for the fourth quarter of 2019 ended 31 December 2019. (more…)
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Teekay-Tankers

January 30, 2020

Teekay Tankers Ltd. announced the following updates since its Investor Day in November 2019: (more…)
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Palios

January 29, 2020

Performance Shipping reported a net loss of $12.2 million for the fourth quarter of 2019, compared to a net loss of $0.4 million for the...
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Scorpio-Bulkers

January 28, 2020

Scorpio Bulkers reported its results for the three months ended December 31, 2019. (more…)
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Star Bulk

January 27, 2020

Star Bulk announced the appointment of Mr. Brian Laibow to its Board of Directors as Class B Director and to the Company’s Nomination and Corporate...
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exmar

January 27, 2020

Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG...
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mcdermott

January 23, 2020

U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter 11, as it looks to cut...
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