Finance & Economy

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

Finance & Economy

seaspan

September 27, 2022

A consortium led by former Berkshire Hathaway Inc. executive David Sokol and Canadian investment group Fairfax Financial Holdings Ltd raised its offer to buy Atlas...
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2020-bulkers

September 26, 2022

2020 Bulkers has converted the index-linked charter for Bulk Sao Paulo into fixed rate charter at US$16,146 per day, gross, for the period from October...
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Hoegh LNG

September 21, 2022

Höegh LNG Partners LP ( NYSE: HMLP) (the "Partnership") announced that at a special meeting, the Partnership's common unitholders voted on and approved the Agreement...
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performance-shipping

September 20, 2022

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that it has accepted a commitment letter whereby it intends...
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Maersk_Tankers

September 16, 2022

Maersk Tankers is moving to reorganize the business that manages chartering, partner and operations activities. It also announced that it will be adding two new...
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Navios Holdings

September 15, 2022

Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), announced that it commenced a tender offer to purchase up to $20 million of...
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exmar

September 12, 2022

EXMAR revenue increased by USD 1.1 million in the first half of 2022 compared to the same period in 2021 and is the combined effect...
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yang ming

September 12, 2022

Yang Ming Marine Transport Corp has turned conservative about the market’s outlook as it faces pressure from clients to renegotiate freight rates. (more…)
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procopiou_

September 5, 2022

China Development Bank Financial Leasing (CDB Leasing) has announced a sale and leaseback deal with George Procopiou for three LNG carriers (200,000 cu m) under...
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HapagLloyd

September 5, 2022

German container shipper Hapag-Lloyd is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to extend its edge...
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CMA CGM MARCO POLO

September 5, 2022

Weakening consumer spending is curbing shipping demand and freight rates, transport giant CMA CGM said on Friday as it reported another jump in quarterly profits....
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NAT

August 31, 2022

Nordic American Tankers has announced its 100th consecutive quarterly dividend... (more…)
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Golden-Ocean

August 26, 2022

Golden Ocean, the world’s leading owner of large size dry bulk vessels, announced its unaudited results for the three and six month period ended June...
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Frontline

August 26, 2022

Frontline reported unaudited results for the three and six months ended June 30, 2022 (more…)
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harry_vafias

August 25, 2022

STEALTHGAS, a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for the...
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